Aviation company FED JSC (Kharkiv) ended January-March 2025 with a net profit of UAH 114.86 million, which is 4.5 times more than in the first quarter of 2024.
According to the company’s interim financial statements published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its net income for the period increased almost 2.3 times to UAH 306.77 million.
FED generated almost UAH 141.85 million in profit from its operating activities, which is 3.3 times more than a year ago, and its gross profit also increased 3.3 times to UAH 101.88 million.
“The positive dynamics of FED’s profitability growth is achieved through the implementation of the company’s marketing strategy approved by the Chairman of the Board for the period up to 2035. Due to the ongoing war in Ukraine, the company’s marketing strategy was adjusted due to the impossibility of achieving the set goals by the end of 2023,” the report says.
The strategy, in particular, envisages the creation of high-tech space technology, transportation equipment, revolutionary technologies for the production of hydraulic and fuel units, nanocoating technologies, innovative welding technologies, mechanical and chemical-thermal processing.
The company’s production facilities and equipment are 100% utilized.
The average number of employees is 955.
FED JSC specializes in the development, production, maintenance and repair of aviation, space and general engineering units.
As reported, in 2024, FED received UAH 181.406 million in net profit, down 43% from 2023, of which 28% (UAH 40 million) was allocated to pay dividends.
