LLC "GROUP OF COMPANIES "SEGEZHA" lost more than 40% of revenue

Embargo of EU on deliveries to production became the reason and strengthening of ruble LLC "GROUP OF COMPANIES "SEGEZHA" in the I quarter 2023 reduced revenue by 42% in comparison with the similar period of last year to 18,7 billion rubles. company reported about it on May 24 in reportings on IFRS. The corrected net loss was reduced by 52% to 3,76 billion rubles. In release to reportings it is explained that the revenue decreased because of "structural transformation of sales markets", reduction of prices of production and ruble exchange rate strengthening by 15% to US dollar and for 22% – to yuan. In a section of segments businesses most strongly the revenue gave...