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#VSMPO-AVISMA increased titanium sales by 20% within 6 months of 2017

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July 31 2017

VSMPO-AVISMA Corporation increased titanium sales by 20% within 6 months of 2017 as compared with the same period last year – informed the company Press Service.

"According to the results of the first half of 2017, as compared with the same period last year, titanium sales have increased by 20.4% (11.8 to 14.2 thousand ton increase – TASS comment) in the volume terms. However, the revenue has decreased from 36 391 million rubles to 36 232 million rubles (0.4% decrease), net profit has decreased from 13 657 million rubles to 8 793 million rubles (35.6% decrease) caused by decline in the dollar", - informed Press Service.

According to the company, strengthening of ruble resulted in 13.8% decrease of export revenues in rubles and losses increase caused by overestimation of currency balance sheet items. The amount of money allocated in the first half of the year for social commitment was 707 million rubles.

TASS

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