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United Aircraft Corporation announces standalone net profit growth by more than three times

8-Nov-2013 1:29 PM

United Aircraft Corporation revenue down 15% - financial highlights for nine months ended 30-Sep-2013 (according to Russian Accounting Standards):

  • Revenue: RUB3315 million (EUR79.6 million), -14.5% year-on-year;
  • Operating profit (loss): (RUB866.2 million) (EUR20.8 million), compared to a loss of RUB595.7 million (EUR14.3 million) in p-c-p;
  • Net profit: RUB1371 million (EUR32.9 million), compared to a loss of RUB1251 million (EUR30.0 million) in p-c-p. [more - original PR]

*Based on the average conversion rate at EUR1 = RUB41.6466

United Aircraft Corporation: "Stabilisation of the Company’s standalone financial position is the major task of the management, the realization of which allows JSC “UAC” to form a long-term policy for equity capital management and dividend payments,” Vladimir Chirikov, CFO. Source: Company statement, 07-Nov-2013.