Kartontara Company Revenue Amounted to USD10,5 mn in 1Q
OREANDA-NEWS. June 30, 2010. Following the results of the first quarter of 2010, revenue of Kartontara company (Adygeya Republic) amounted to 327.6 million roubles (USD10.5 million), gross benefit – to 35.7 million roubles (USD1.15 million), as the company reported.
Net benefit made up 11 million roubles (USD355,000).
Growth of revenue in Q1 2010 compared to Q1 2009 is due to increase in production volume and shift to more expensive products (boxes and tray-type containers). Benefit and profitability also grew due to decreasing production costs that were achieved through decreasing expenditure rates and amortization.