Net profit of Sollers has grown by 4.6 times in 2016

Net profit of Sollers has grown by 4.6 times in 2016

RNS – The net profit of car manufacturer Sollers has grown by 4.6 times year-on-year in 2016, to 4.94 billion rubles, as stated by the company.

The revenues from participation in UAZ have amounted to 5.37 billion rubles, according to the report.

The revenue of Sollers fell by 3.5 times to 180.2 million rubles.

The short-term loans of Sollers have gone down in 2016, from 3.46 billion rubles to 602,000 rubles. The company has repaid a loan of 3.5 billion rubles from its subsidiary UAZ, as stated in the documents.

Sollers, established in 2002, includes Ulyanovsk Car Factory (UAZ) and a number of joint ventures, mainly manufacturing Mazda and Ford vehicles, amongst others.