Gornozavodsktsement FY16 net profit down to RUB370.8m

Gornozavodsktsement reported a -9.9 per cent drop in revenues to RUB3.65bn (US$64.7m) in FY16 vs RUB4.05bn in FY15, according to Russian accounting standards.

FY16 net profit fell -45.4 per cent YoY from RUB679.3m to RUB370.8m.