...

Kazakh military equipment manufacturer incurs losses

Business Materials 30 October 2015 19:32 (UTC +04:00)

Baku, Azerbaijan, Oct. 30

By Elena Kosolapova - Trend:

The Kazakh national manufacturer of arms and military equipment - Kazakhstan Engineering company worked with a total loss of 542.301 million tenge ($ 1 = 279.21) in January-September 2015, the Kazakh Stock Exchange KASE said.

The company's losses were also at a higher level - 1.043 billion tenge in the same period of 2014.

Kazakhstan Engineering's operating loss amounted to 7.192 billion tenge in the reporting period (compared to 1.752 billion tenge in January-September 2014).

The company's revenues amounted to 8.485 billion tenge for the first nine months of 2015.

The company's assets increased to 106.497 billion tenge in January-September 2015 (compared to 66.556 billion tenge at the beginning of the period).

Kazakhstan Engineering's liabilities amounted to 87.549 billion tenge as of late September (compared to 46.825 billion tenge as of early 2015).

The company's capital decreased from 19.731 billion tenge to 18.948 billion tenge for the first nine months of 2015.

Edited by CN

follow the author on Twitter:@E_Kosolapova

Tags:
Latest

Latest