Railwaycar-Building Works Tver reports losses

03-tverThe net loss of JSC Railwaycar-Building Works Tver for the first half of this year was RUB 483.203 million (EUR 6.96 million), a steep decline following a profit of RUB 239.718 million (EUR 3.44 million) in H1 2014.
Revenue decreased 2.08 times to RUB 6.365 billion (EUR 92 million) from RUB 13.243 billion (EUR 191 million) in H1 2014, sales loss was RUB 322.767 million (EUR 4.6 million ) against a profit of RUB 376.516 million (EUR 5.4 million) last year, loss before tax amounted to RUB 642.108 million (EUR 9.2 million) against a profit of RUB 312.863 million (EUR 4.5 million) in the same period of 2014.


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