The net profit of VSMPO-AVISMA was 5.57 billion rubles during 9 months of 2012 - RUSSIAN AVIATION

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The net profit of VSMPO-AVISMA was 5.57 billion rubles during 9 months of 2012

Russian Aviaton » Friday November 23, 2012 20:12 MSK

Finished ingots | Photo courtesy of the VSMPO-AVISMA Corporation

The net profit of VSMPO-AVISMA has increased 1.9 times. Following the results of 9 months of 2012 its net profit was 5.57 billion rubles in accordance with Russian Accounting Standards, Uralinformburo reports with reference to VSMPO-AVISMA.

The company’s net profit has almost doubled (as compared to 2,898 billion rubles in 2011). The company’s revenues have increased to 29,288 billion (+33%), the gross margin was 11,164 billion rubles (+49.3% as compared to the same period of 2011).

EBT was 7,039 billion rubles (the company’s EBT has doubled as compared to 2011 (3,519 billion rubles)).

Such a dynamic growth of the company’s indicators was achieved due to increase of labor efficiency by 30% - to 1 million 476 thousand rubles per employee.

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