UAC consolidated revenue up 21% in 2016 under IFRS

United Aircraft Corporation (UAC) reported (03-Apr-2017) the following consolidated financial highlights for UAC Group in the year ended 31-Dec-2016, in accordance with International Financial Reporting Standards (IFRS):

• Revenue: RUB416,926 million (EUR5658.1 million), +20.5% year-on-year;
• • Aircraft construction: RUB249,458 million (EUR3385.4 million), +20.9%;
  • Aircraft parts: RUB54,008 million (EUR732.9 million), +92.4%;
  • Modernisation and repairs: RUB62,163 million (EUR843.6 million), -1.5%;
  • Research and development: RUB40,655 million (EUR551.7 million), -0.5%;
• Costs: (RUB338,289 million) (EUR4590.9 million), +7.9%;
• Operational profit: RUB11,203 million (EUR152.0 million), compared to a loss of RUB69,412 million (EUR1034.2 million) in 2015;
• Net profit (loss): (RUB4481 million) (EUR60.8 million), compared to a loss of RUB109,946 million (EUR1638.2 million) in 2015;
• Total assets: RUB983,929 million (EUR13,352.9 million);
• Cash and cash equivalents: RUB172,733 million (EUR2344.2 million);
• Total liabilities: RUB829,140 million (EUR11,252.3 million).

*Based on the average conversion rate at RUB1 = EUR0.013571 for 2016
*Based on the average conversion rate at RUB1 = EUR0.0149 for 2015 [more - original PR - Russian]