The company’s turnover increased by almost 20%.
Photo source: Manotom plant website
According to the Interfax agency, the revenue of Manotom OJSC at the end of 2023 amounted to 901.4 million rubles (+19% compared to 2022), while the company’s net loss increased 6.5 times (to 40.4 million rubles).
It is noted that in the structure of turnover, income from the sale of products of own production amounted to 860.4 million rubles (+19.4%), from the sale of purchased goods – 41 million rubles (+9.2%).
The company’s accounts payable increased from 288.5 million rubles as of December 31, 2022 to 342 million rubles as of December 31, 2023, while accounts receivable decreased from 76.9 million rubles to 64.5 million rubles.
“According to the explanatory note to the financial statements, by the end of 2024 Manotom expects to break even due to the expansion of the sales market and the promotion of new products,” – stated in the agency’s material.
