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01 July 2014, 09:42

Belaruskali posts Belarus' biggest net profit among joint-stock companies in Q1

MINSK, 1 July (BelTA) – In the first quarter of 2014 Belaruskali earned Br1.349 trillion in net profit and became the most profitable open joint-stock company in Belarus, reads the Finance Ministry's report on the financial results of domestic open joint-stock companies in January-March 2014.

Belaruskali is followed by Belshina (Br647.2 billion in net profit) and Mozyr Oil Refinery (Br572.3 billion).

The other top ten most profitable companies include the Development Bank of the Republic of Belarus (Br435.9 billion), Gomeltransneft Druzhba (Br163.6 billion), Naftan (Br156.2 billion), Grodno Azot (Br154.4 billion), Grodno Tobacco Factory Neman (Br132.2 billion), Minsk Wheel Tractor Plant (Br116.5 billion) and Gomel Chemical Plant (Br111.2 billion).

Dairy companies, sugar refineries and construction companies also posted good net profit in the first quarter.

The report of the Finance Ministry contains information about the financial results of Belarusian open joint-stock companies, except for commercial banks, for the first quarter of 2014. The Development Bank is covered by the report because it is not a commercial bank, it specializes in financing government programs and does not provide retail banking services.

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