AvtoKrAZ sees 2.4 times rise in loss in 2015

13:59, 25.02.2016 1 min read

Public joint-stock company AvtoKrAZ (Kremenchuk, Poltava region), the only Ukrainian producer of heavy trucks, tentatively saw UAH 371.59 million in net loss in 2015, which is 2.4 times more from a year ago.

According to an announcement on holding a general meeting of the company's shareholders scheduled for March 30, uncovered loss as of January 1, 2016 reached UAH 507.07 million compared to UAH 148.61 million a year ago.

Current liabilities last year grew by 21.5%, to UAH 4.12 billion and long-term liabilities rose by 27.6%, to UAH 1.734 billion.

The enterprise last year cut accounts receivable by 10.7%, to UAH 3 billion, and assets grew by 13.7%, to UAH 6.078 billion.

AvtoKrAZ makes 33 basic vehicle models, and more than 260 modifications and trim levels for civilian and military vehicles.