Business news from Ukraine

UKRAINIAN AIRCRAFT COMPANY ANTONOV SEES 62% RISE IN NET REVENUE

7 February , 2018  

Antonov State Enterprise (Kyiv) saw UAH 5.9 billion of net revenue I 2017, which is 1.6 times more than in 2016, according to tentative data from the Ukroboronprom State Concern. The press service of Ukroboronprom reported that net profit was UAH 180 million.
Antonov is the leading Ukrainian developer and manufacturer of aircraft, a recognized world leader in the niche of transport aircraft. The enterprise cooperates with more than 75 countries. By the decision of the government, the enterprise has been part of the Ukroboronprom State Concern since April 2015.
According to the enterprise, in 2016, its net profit under Ukrainian accounting standards grew 4.1-fold, to UAH 178.1 million and net revenue fell by 0.16%, to UAH 3.64 billion.