Acron’s net profit for 1H2023 decreased by 3.7 times

Acron’s net profit in 1H2023, calculated according to Russian accounting standards, decreased by 3.7 times and amounted to 18.2 billion rubles (almost $190 million).

The company’s revenue decreased by 1.5 times compared with last year and amounted to 65.2 billion rubles (approximately $680 million). Gross profit decreased by 2.2 times to 31.5 billion rubles (over $328.5 million). Profit before taxes decreased by 3.6 times to 22.2 billion rubles (over $231.5 million).

It’s worth noting that this situation is developing amid an increase in the output volume. The indicators for 1H2023 exceeded the figures of last year by 7.1% and amounted to 3.67 million tons.