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In Q1 2017, number of loss-making companies of Bellegprom reduced by 14 ones

Companies and Markets
14:46 | 12.06.2017 | Business-News

According to the results of January-March 2017, 14 companies of Bellegprom Concern left the category of loss-making enterprises. There are 37 loss-making companies now. Their share is 29.4%. In Q1 2016, there were 51 loss-making companies. The First Deputy Chairman of Bellegprom Concern Vyacheslav Mirusin told about it at the press conference.

 

"We want this value to be equal to zero. We are working on it," Mr. Mirusin stated. "We always turn to the government and work upon the credit restructuring with the banks. Of course, there are chronically loss-making companies. We plan to reorganize them."

 

Last year, the Concern managed to reach the targets of the social and economic development. The management of the Concern is sure that the plan will be fulfilled this year. Following the results of Q1, the exports of the products of Bellegprom amounted to USD 135 million, which is 24% more than last year. The profitability of sales was 14%.

 

The companies of the Concern in Q1 2017 drew BYN 9,828 thousand of capital investment. The largest investment in the textile branch was attracted by Orsha Linen Mill (BYN 2,873 thousand), in the knitwear branch – by Conte Spa JLLC (BYN 942 thousand) and Polesye JSC (BYN 1,150 thousand), in the leather and footwear branch – by Vitebsk Fur Factory (BYN 2,053 thousand).

 

The average wages at the Concern companies were BYN 579.3 in January-April 2017 and BYN 563.9 in April. Answering the question of the targeted USD 500, Mr. Mirusin notes that the wages in the light industry are 20-25% lower than the average wages in the whole world. Therefore, nobody promises that the light industry workers will get USD 500. However, the Concern promises to reach after this indicator.

 

"We have discussed this question with each regional executive committee in the presence of the representatives of the companies. We see that the wages in December 2017 will increase by 37% as compared to the wages as of the year beginning and will be BYN 828," Mr. Mirusin stated.

 

According to the data of the National Statistical Committee, the output of textile products, clothes, and leather and fur articles totaled BYN 1,098.4 million in the country in a whole in January-April 2017 and increased by 8.9% in terms of comparable prices as compared to January-April 2016.

 

The branch companies produced 6.1 million square meters of carpets and carpet articles, 1.2 million pieces of bed-linen, 22.5 million square meters of cotton fabrics, 23.9 million square meters of chemical fiber fabrics, 7 million square meters of plain-woven fabrics, 13.3 million pieces of knitted goods, 55.2 million pairs of hosiery, 3.3 million pairs of footwear, 150 thousand pieces of bags for women and men.

The total exports of textile products, clothes, and leather and fur articles for four months of this year amounted to USD 385.6 million (+ 21.9%). The exports of footwear equaled to USD 52.9 million, textile clothes (excluding underwear) – to USD 51.7 million, hosiery – to USD 31.3 million, and corsetry – to USD 11.3 million.

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