CV Protek announces its operating results of the distribution segment
The national distributor CV Protek announces its operating results for the 4th quarter and 12 months of 2014. According to the management accounts (unaudited), the revenue from sales of goods and services for the 4th quarter of 2014 obtained by the distribution segment amounted to 40.7 billion rubles, that is 23% higher compared to the same period of 2013.
For 12 months of 2014, the revenue increased by 11.4% compared with the results of 2013 and amounted to 133.4 billion rubles.
CV Protek also showed a positive trend in the value of shipments. For 12 months of 2014, turnover in packages exceeded the results of 2013 by 7%.
In 12 months of 2014, the distribution segment made up 80.7% of Protek Group’s total revenue.
"The result of 2014 in terms of the revenue from sales of goods and services is quite high due to good planning and low percentage of debentures," commented Dmitry Pogrebinsky, CEO of CV Protek, on the financial results of 2014.
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