Business news from Ukraine

HARTRON POSTS 44.5% RISE IN CONSOLIDATED NET PROFIT IN JAN-SEPT

26 October , 2016  

KYIV. Oct 26 (Interfax-Ukraine) – PJSC Hartron (Kharkiv) in January-September 2016 increased consolidated net profit under international financial reporting standards (IFRS) by 44.5% compared to the same period in 2015, to UAH 6.46 million.

According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, its consolidated net income for the nine months increased by 3.2%, to UAH 152.65 million.

In January-June 2016 Hartron saw consolidated net profit under IFRS rise by 41.84%, to UAH 4.53 million, consolidated net income fall by 14.384%, to UAH 65.65 million.

In January-September 2016 Hartron posted unconsolidated net profit according to IFRS in the amount of UAH 4.36 million, which is 31.36% less compared to the same period last year.

Unconsolidated net income for the nine months decreased by 22.28% compared to the same period of last year, to UAH 2.02 million.

PJSC Hartron is the only enterprise in Ukraine, which creates space rocket management systems. The company is also involved in the creation of automated control systems and nuclear power plants safety.