Russian Rostec increased consolidated revenue by 18% - RUSSIAN AVIATION

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Russian Rostec increased consolidated revenue by 18%

Russian Aviaton » Wednesday August 10, 2016 10:43 MSK

In 2015, Rostec increased consolidated revenue by 18% to RUB 1.14 trillion, Rostec CEO Sergey Chemezov said at a meeting with Russia's President Vladimir Putin, AK&M reported.

Consolidated net profit was RUB 99 billion, EBITDA was RUB 253 billion. Net profit-based margin was 8.68% increasing by 6 bps.

Rostec Group (Russian Technologies Group until December 2012) established in November 2007 is meant to provide assistance to Russian entities of various industries in the development, manufacture and marketing of hi-tech goods domestically and abroad, in carrying out applied R&D to explore promising technologies and in adopting advanced techniques for production to boost the quality of domestic technologies, to reduce the time and cost of their development.

In 2014, Rostec earned RUB 964.5 billion in revenues, paid a total of RUB 147.8 billion in taxes.

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