AvtoVAZ in the first quarter was a loss of 9 billion rubles. – RBC

Photo: Ruslan Shamukov / TASS

In the first quarter of AvtoVAZ has received 9 billion rubles. against a net loss of 800 million rubles. Profit for the same period last year, which, however, was a “paper»

In the first quarter of 2016, AvtoVAZ has received 8.9 billion rubles. against a net loss of 796 million rubles. net profit for the same period a year earlier, it follows from the unaudited accounting standards of the plant. The company’s revenue decreased by 19%, to 39.1 billion rubles

AvtoVAZ faces financial loss due to lower car sales:. January-March Lada sales fell 17%, to 56.8 thousand units. , relative to the first quarter of 2015. The entire market for the same period has lost about the same.

At the end of last year as a whole, AvtoVAZ has received a record loss of 74 billion rubles., As a result of which he was President Bo Andersson fired plant. He was replaced by Nicolas Moore, former head of the Romanian Dacia.

In the first quarter of last year, AvtoVAZ was profitable thanks to a “paper” income. According to reports, the company has grown by 65% ​​Income from receiving state subsidies – up to 5.1 billion rubles. In addition, six times to 2.4 billion rubles., Jumped “other income” (transcript of this article did not give AvtoVAZ). At the operational level AvtoVAZ then received 81 million rubles. loss.

RBC Sources at the company told that the profits go to the plant to help delay in the calculation of the state program of recycling and trade-in. The program started in September last year due to car manufacturers and the government compensated for their costs in the first quarter 2015. AvtoVAZ under this program then received 2.7 billion rubles. The representative of the factory did not respond to a request to RBC.