VSMPO-AVISMA’s sales revenues drop 14.2%
VSMPO-AVISMA Corporation’s sales revenues went down by 14.2% in the first half of 2009 compared with the first half of 2008, reaching 12.8 billion RUR. The company’s press service reports this mainly has to do with the fact that they have been selling less in physical terms due to the global recession.
The corporation’s working assets have also gone down: the raw stuff reserves with in-stock materials and accounts receivable have plunged by 12% and 11%, respectively, since January 2009.
The corporation’s working assets have also gone down: the raw stuff reserves with in-stock materials and accounts receivable have plunged by 12% and 11%, respectively, since January 2009.
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