31 Jul 2019 19:31

TGK-2 saw RAS net profit fall 23% in H1, to 2 bln rubles

YAROSLAVL. July 31 (Interfax) - TGK-2 made a net profit of 2 billion rubles in H1, a 23.4% decrease YoY, the company said in its report to Russian Accounting Standards (RAS).

Revenue grew 0.4% to 20.01 billion rubles.

Accounts receivable fell from 8.036 billion rubles at the beginning of the year to 6.169 billion, while accounts payable fell from 8.7 billion to 7.851 billion.