Net profit of “Mostotrest” under RAS in 2015 fell by 2.1 times

Net profit of “Mostotrest” under RAS in 2015 fell by 2.1 times


The company’s revenue decreased to 111,033 billion rubles, cost of sales decreased to 100,985 billion rubles, gross profit – up to 10,047 billion rubles, profit before tax fell to 2,557 billion.

MOSCOW, 28 Mar. Net profit of PJSC Mostotrest RAS by the end of 2015 decreased by 2.1 times, to 2,059 billion roubles, is spoken in the company report.

The company’s revenue decreased by 6.8% in annual terms — up to 111,033 billion rubles, cost of sales decreased by 6,26% to 100,985 billion rubles, gross profit by 12.1 percent, to 10,047 billion rubles, profit before tax decreased to 2,085 times to 2,557 billion. Administrative expenses of Mostotrest, on the contrary, has grown in 2015 by 24.6% to 5,561 billion rubles, follows from the report.

Receivables of the company for the year increased by 25.4% to 56,196 billion rubles, of which long-term has increased by 47.4% to 11,202 billion rubles, short-term — by 20.1%, to 44,995 billion.

Short-term borrowings Mostotrest at the end of 2015 amounted to $ 50,363 billion rubles against 36,903 billion rubles in 2014, the company’s accounts payable decreased during the reporting period by 18.4% to 59,643 billion. Long-term borrowings the company has no.

“Mostotrest” — diversified company in the field of infrastructure construction. Main business areas of the group are construction and reconstruction of bridges (including road, rail and urban), roads and other transport infrastructure facilities; provision of services in the maintenance, repair and management of roads.