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Ukraine's major state-owned arms manufacturer Ukroboronprom posted UAH 1.626 billion net profit in January-September 2015 compared to a loss of UAH 348 million in the same period last year, said General Director of Ukroboronprom Roman Romanov at a press conference devoted to summaries of the company’s economic performance in 2015.
According to General Director, the company transferred UAH 3.1 billion to the state budget in nine months, with the amount reaching UAH 4 billion for the whole year.
Read alsoTime to forget of Soviet past: Ukraine presents brand new MLRS "Verba"As UNIAN reported earlier, defense production in Ukraine grows by 200-300% annually. The production capacity of the Ukrainian military and industrial complex has started to exceed the capability of the budget to buy that equipment for the Defense Ministry.
Ukroboronprom unites the country’s major military and industrial enterprises.