avia-mir.com
Motor Sich company, Ukraine’s largest manufacturer of airplane and helicopter engines, as well as industrial gas turbine installations, increased net profit in January-September 2015 by 63% year-over-year, from UAH 1.533 billion to UAH 2.535 billion, according to the company's quarterly report in the information disclosure system of the National Securities and Stock Market Commission.
According to the report, Motor Sich’s net income over the reported period increased by 45%, from UAH 7.2 billion to UAH 10.5 billion. Gross profit grew 77%, from UAH 3.8 billion to UAH 6.8 billion, while operating profit was up by 56%, from UAH 2.9 billion to UAH 4.6 billion.
As UNIAN reported earlier, in the 1H 2015 Motor Sich company increased its net profit by 3% to UAH 1.59 billion, with an increase of 13% in 2014 amounting to UAH 1.547 billion.
Read alsoUkraine’s Antonov breaks ties with RussiaMotor Sich Joint Stock Company is one of the largest engineering enterprises in Ukraine. It manufactures engines for the Mi-8/Mi-17 and Ka-226 helicopters, AN-70, AN-124, AN-140, AN-148, Yak-130 airplanes, gas pumping facilities, as well as power equipment. The company produces parts for 95% of the aircraft engines operating in Russia.