VSMPO-AVISMA Reports Slight Revenue Decline in January-September 2024

VSMPO-AVISMA reported a 0.44% decrease in revenue under Russian Accounting Standards (RAS) for the period of January to September 2024, totaling 72.3 billion rubles ($769 million), compared to the same period last year. The company's cost of sales rose by 17.5% to 48.609 billion rubles ($517 million), according to its financial statements.

Key profit metrics, including net profit, gross profit, profit from sales, and profit before taxation, were not disclosed in the statements. Other income declined by 18.6%, reaching 25.52 billion rubles ($271 million), while other expenses decreased by 1.5 times to 18.46 billion rubles ($196 million).

The company's accounts payable increased from 35.31 billion rubles ($376 million) as of December 31, 2023, to 39.63 billion rubles ($422 million) as of September 30, 2024. Meanwhile, accounts receivable decreased from 75.47 billion rubles ($803 million) to 70.34 billion rubles ($748 million) over the same period.