Russia: Spassktsement net profit falls to RUB365.25m in 2015

Net profit of Spassktsement OAO fell to RUB365.25m (US$5.45m) in 2015, a drop from RUB1.05bn over the same period in 2014, the company reported.

Revenue increased in the accounting period by 0.71 per cent to RUB6.04bn from RUB6bn over 2014. The costs of goods sold grew by 10.79 per cent to RUB3.2bn from RUB2.88bn. Meanwhile, profit from sales fell by 29.49 per cent to RUB921.22m from RUB1.31bn.