[an error occurred while processing this directive]
Arkhangelsk PPM: Results of 2009
06 april 2010
In 2009 pulping amounted to 810,2 thsd. t. Revenue from sales of products, works and services - RUR 11 873,0 mln., net profit - RUR 18,0 mln.
The world economic crisis resulted in sharp downturn of demand and prices on foreign and domestic markets of pulp and containerboard in the beginning of 2009. By results of operation in the 1st quarter of 2009 pulping was decreased by 23,3%, revenue sales reduced and net losses amounted to RUR 368,6 mln.
The production and economic parameters have improved since the 2nd quarter 2009, as a result of stabilization of the market demand, increase of production output and fulfillment of the measures of the anti-crisis program, aimed at costs reduction. By results of the 2nd quarter the net profit has totaled RUR 13,5 mln., in the 3rd quarter - RUR 105,4 mln.
The sales system has been recovered by the 4th quarter that allowed to achieve before-crisis results. In the 4th quarter utilization of production capacities exceeded 100%, sales increased, net profit totaled RUR 267,7 mln. Thus, the mill finished 2009 with a success having decreased the lag from production program and covered the loss of the 1st quarter.
Latest news
[an error occurred while processing this directive]