LocoTech Group of Companies confirmed the position in the ranking of 500 Largest Companies of Russia-2017 as per RBC magazine, by occupying the 126th place. Rating has been published on September 21, 2017.
LocoTech has been included in the RBC rating in 2016 for the first time, also occupying the line 126. Over the year, the Group of Companies significantly improved operating and financial results and has been actively carrying out the programme to improve the repair quality. Consolidated proceeds of assets under LocoTech management in 2016 as per RAS grew by 7% to 92 billion rubles.
LocoTech implements a large-scale investment programme aimed at upgrade facilities and equipment of the enterprises. Thus, in 2017 over 1 billion rubles has been allocated for development of factories and service depots infrastructure.
RBC magazine publishes the third rating of 500 Largest Companies of Russia (RBC 500). The total proceeds of ranking participants in 2016 increased by 4.2% to 66.3 trillion rubles.
The parent companies of operating holdings, which provide consolidated reports, considering the indicators of both parent company and its subsidiaries, are participating in the ranking. The main indicator of the ranking, which is used for ranking the companies, is proceeds after VAT, excise and export duties (net proceeds).