There is a profit, but it is significantly lower than in 2021.
The net profit of AVTOVAZ at the end of 2022 amounted to 206.6 million rubles, which is 86.2% lower than in 2021.
According to the company’s financial statements under RAS, annual revenues also decreased by 43.7% compared to the previous reporting year, and amounted to almost 170 billion rubles. Gross profit fell by 71.2% and amounted to more than 7.2 billion rubles.
*This material was created by a person who has the status of a foreign agent in the Russian Federation.
Last year, AVTOVAZ recorded a loss on sales of 4.1 billion rubles, while in 2021 the car plant made a profit of 10.2 billion rubles.
At the same time, last year commercial expenses decreased by 37% to RUB 5.2 billion, and management expenses decreased by almost 7% to RUB 6.1 billion.
“Behind the wheel” can be read on VKontakte
Photo: depositphotos.com, AVTOVAZ
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