Russian Helicopters/Progress signed loan contract - RUSSIAN AVIATION

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Russian Helicopters/Progress signed loan contract

Russian Aviaton » Tuesday March 22, 2016 14:16 MSK

Russian Helicopters and Progress AAK signed a loan contract in the volume of 1.4bn rub., the company informed.

The loan period expires in Mar. 2017. The raised funds will be used to refill current assets. This contract was approved at the annual meeting in July 2015.

Russian Helicopters (TIN 7731559044) is a sub of Oboronprom included into Russian Technologies. It provides control over Moscow M.Mil's Helicopter Plant, Kamov, Ulan Udinsky Aviation Plant, Kazansky Helicopter Plant, Rostvertol, Arsenyevskaya Aviation Company Progress, Kumertauskoe Aviation PO, Moscow Engineering Plant Vpered, Stupinskoe Engineering PO, Reduktor-PM and Helicopter Servicing Company (VSK).

The IH 2015-net profit (IAS) rallied up 2.94 fold to 12.966bn rub. from 4.411bn rub.; revenues being up 25.99% to 87.222bn rub. from 69.23bn rub.; operating profit - 2.26 fold to 22.064bn rub. from 9.747bn rub.; pretax profit - 2.69 fold to 19.38bn rub. from 7.212bn rub.

The 2015 net profit boosted (RAS) 2.99 fold to 2.913bn rub. from 975.841mln rub. prior year; revenues rallied up 2.21 fold to 9.078bn rub. from 4.107bn rub.; losses from sales being down 3.95 fold to 383.253mln rub. from 1.515bn rub.; pretax profit doubled to 3.042bn rub. from 1.23bn rub

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