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Alliance Russian Textile registers 17% higher turnover

01 Mar '06
1 min read

Alliance Russian Textile, one of the leading textile companies in Russia, registered an increase of 17 percent in 2005 turnover.

The turnover reached to $323 million, with net income increased 71 percent to $12 million, stated Company's senior officials.

Export revenue of the company grew 50 percent to $30 million.

This year, company has also released estimated consolidated turnover, which is likely to reach $350 million.

Net profit is forecast at $19 million and the targetted export volume is set at $46 million.

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