Arkhangelsk PPM PREPARING FOR INCOME FOR 2015
Arkhangelsk PPM is preparing to profit: the 75th anniversary of the “Arkhangelsk PPM” prepared the most dignified way, planning to December 2015 to achieve the net profit of 2 billion rubles.
Data on such a high level of profit “APPM” confirmed RAS (Russian Accounting Standards), which only increases the confidence of employees and clients to one of the leading companies in the industry. According to the report documentation “Arkhangelsk PPM” in 2014 failed to reach 1.058 billion. Rub. net income and revenue of 18 billion. rub., thus creating the basis for a decent growth in revenue to 22 billion. rubles. in 2015. With regard to the achievements of industrial enterprises, they also demonstrate an enviable positive trend – in 2015 on the “Arkhangelsk PPM” will be issued 845 thous. tons of high-quality cellulose, which exceeds last year’s figures by 3%. As “Arkhangelsk PPM” manages to achieve similar results in the period of crisis tests, he argued CEO Dmitry Zylev, explaining that the increase in financial performance is directly proportional to export earnings (pulp exports is 80%, cardboard – 50% white paper – 40%) and the depreciation of the Russian ruble. Also, Mr. Zylev noted that there has been significant growth in revenue, so “APPM” having free cash flow and the program of technical re-directs the possible maximum amount of funds to repay obligations on loans, the amount of which is about 11 billion. Rubles. “Arkhangelsk PPM” doing everything possible to prompt the closure of credit obligations that will increase the safety margin of the company in the future and will allow it to develop more quickly.