AGC Borsky Glass Factory reports increased profits and revenue

AGC Borsky Glass Factory reported a 23% increase in revenue

 

In its 1Q results, AGC Borsky Glass Factory reported a 23% increase in revenue compared to the same period of last year.

AGC Borsky Glass Factory (Bor, Nizhny Novgorod region, part of Japanese Asahi Glass Company, flat glass) increased revenue by 23% compared to the same period last year to 2.2 billion rubles in the first quarter of 2018.
Net profit of the plant increased by 75% and reached 533.2 million rubles. Accounts receivable increased by 10% to 1.7 billion rubles. Payables decreased by 23.5% and amounted to 863.9 million rubles. At the end of 2017 the company increased net profit by 17.6% to 1.37 billion rubles, while revenue increased by 13.7% to 8.3 billion rubles.