Avtovaz has completed 2018 at a breakeven

Avtovaz has completed 2018 at a breakeven


 

RNS.- Avtovaz has ended 2018 at a breakeven, in comparison with the previous year’s net loss of 12 billion rubles, according to Russian Accounting Standards.

The revenue of the Russian company amounted to 291.8 billion rubles in 2018, following a 24.8% year-on-year increase.

The amount of remuneration and compensation for the company’s members of board of directors has amounted to 64.6 million rubles in 2018, which indicates a 19.3% year-on-year shrinkage. Compensation for the board went down by 3.5% to 523.2 million rubles.