Transmashholding Net Profit Dropped 12.4 Times
Transmashholding’s 2015 net profit fell 12.4 times to 1.008 B RUB (13.4 M USD), the Interfax quotes Transmashholding. Sales dropped 26% to 55.127 B RUB (734 M USD).
Transmashholding reported earlier that it invested 4 B RUB into facilities refurbishment and product engineering.
Transmashholding is the largest rolling stock manufacturer in Russia & CIS. The company produces electric and diesel locomotives, freight cars, passenger coaches, multiple units and metro cars.