15 May 2012 19:13

Stroytransgaz sees net profit collapse 98% in Q1

MOSCOW. May 15. (Interfax) - Stroytransgaz saw its net profit collapse by almost 98% in the first quarter of 2012 to 14.3 million rubles, the company said in its financial statement to Russian Accounting Standards (RAS).

In the same quarter of last year, net profit totaled 516.67 million rubles.

Revenue in Q1 2012 dropped 29.3% to 5.42 billion rubles.

Profit before tax plummeted 75.6% to 179.8 million rubles.