Russia: Mordovcement's net profit down 35% in first nine months of 2014

In January-September 2014, the net profit of Mordovcement amounted to RUB 174 million (€3.01 million/US$3.77 million, -35%) while its revenue reached RUB 13.70 billion (+8.4%). At the end of September, 2014, its net debt totalled RUB 25.90 billion.