KYIV. Oct 28 (Interfax-Ukraine) – PJSC Kyiv Plant Radar in January-September 2015 saw its net profit rise by 7.3 times under international financial reporting standards (IFRS) compared to the same period in 2014, to UAH 870,000.
According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, its net income for the first nine months increased by 2.4 times, to UAH 46.36 million.
In January-June 2015 Radar saw a net loss of UAH 4.72 million, while in the same period of 2014 the company posted a net profit of UAH 140,000, its net income in the first half of 2015 increased by 41.8%, to UAH 25.64 million.
Kyiv Plant Radar is a basic enterprise in Ukraine’s aviation industry which focuses on the production of airborne radar systems, navigation complexes, and special purpose equipment. It is a monopolist in the production of radar stations, including the Hroza, Buran, and 9B-1101K models.
