KYIV. July 27 (Interfax-Ukraine) – Public joint-stock company Turboatom (Kharkiv), Ukraine’s largest producer of turbine equipment, saw UAH 837.91 million in net profit in January-June 2015, which is 24% up year-over-year, the company said in a financial report.
The company said that its net revenue over the period grew by 24.9%, to UAH 1.294 billion.
Turboatom saw UAH 610.34 million of gross profit (a rise of 59% year-over-year). Operating profit rose by 33%, to UAH 840.71 million.
Turboatom’s liabilities as of July 1, 2015 totaled UAH 1.395 billion, including bills payable for goods and services of UAH 24.79 million, advance payments of over UAH 1 billion, budget payments of UAH 3.2 million, wage payments – UAH 13.05 million, current maintenance – UAH 51.4 million.
Taking into account previously published data, in April-June 2015 the company saw its net profit fall by 45.5% year-over-year, to UAH 153.36 million, while its net revenue grew by 17.1%, to UAH 639.04 million.
The state owns a 75% stake in Turboatom, while Cyprus-based Linfot Ltd., affiliated with businessman Konstantin Grigorishin, holds about 15.3%.
