18 Apr 2024 18:16

VSMPO-Avisma boosts revenue to RAS 13.4% YoY in Q1 2024

YEKATERINBURG. April 18 (Interfax) - PJSC VSMPO-Avisma Corporation boosted revenue to Russian Accounting Standards 13.4% year-on-year to 24.045 billion rubles in January-March 2024, the titanium producer said in a financial statement.

The company has not disclosed data on net profit for the reporting period.

The statement only contained data on the company's total financial result, which in Q1 of this year decreased 34% to 4.598 billion rubles.

Cost of sales increased 37.7% to 16.87 billion rubles. Other income decreased 41.2% to 7.37 billion rubles, while other expenses decreased 60% to 4.04 billion rubles.

Accounts payable increased from 35.31 billion rubles as of December 31, 2024 to 39.78 billion rubles as of March 31, 2024. Accounts receivable rose from 75.47 billion rubles to 79.95 billion rubles.

VSMPO-Avisma encompasses the full technological cycle from raw materials processing to producing finished titanium products with a high degree of mechanical processing. There is currently no information regarding shareholders on the company's website.