Ukraine's Antonov sees over 60% decline in net profit in nine months

REUTERS

16:02, 04.12.2017

0 min. 439

State-owned enterprise Antonov, Ukraine's only aircraft manufacturer, reduced its net profit by 60.3% in January-September of 2017 year-over-year (y-o-y), to UAH 28.78 million, or US$1.1 million, according to the financial report, published on the company's website.

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Antonov saw a 56% rise in net revenue over the period under review, from UAH 2.39 billion ($88.4 million) to UAH 3.73 billion ($137.9 million).

Read alsoUkrainian-made An-132D transport aircraft showcased at Dubai Air ShowThe company's gross profit fell by 18.5%, from UAH 569.38 million ($21 million), to UAH 464 million ($17.2 million), while operating profit decreased by 95.9%, from UAH 121.6 million ($4.5 million), to UAH 4.95 million ($182,994).

As UNIAN reported earlier, Antonov quadruplicated its net profit in 2016 from 2015, to UAH 178.1 million ($6.6 million).

UNIAN memo. State-owned Antonov is the manufacturer of cargo and passenger aircraft, as well as special purpose aircraft. Among the company's most recognized projects are the An-32, An-148, An-158, An-74, An-124, An-70, and An-225.

Ukraine revenue Antonov aircraft profit

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