Russian Helicopters/Progress signed loan contract. - RUSSIAN AVIATION

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Russian Helicopters/Progress signed loan contract.

Russian Aviaton » Thursday September 22, 2016 13:59 MSK

Sep. 19 Russian Helicopters and Progress Arsenyevsk Aviation Company signed contract on the interest-bearing loan, the company informed.

In line with the document Russian Helicopters is obliged to release 2bn rub. in the loan to Progress till July 31, 2017.

Progress Arsenyevsk Aviation Company (TIN 2501002394) is included into Oboronprom. It is a producer of the helicopters and sporting airplanes. The Company is included into Oboronprom.

The 2015 net losses (IAS) rallied up 76.56% to 1.416bn rub. from 802mln rub. prior year; revenues declined 16.85% to 12.778bn rub. from 15.367bn rub.; operating losses gained 1.262bn rub. vs. 258mln rub. in profit; pretax losses boosted 73.46% to 1.32bn rub. from 761mln rub.

The 2015-net losses (RAS) reached 829.916mln rub. vs. 215.937mln rub. in profit; revenues being down 36.28% to 11.719bn rub. from 18.391bn rub.; losses from sales coming to 941.681mln rub. vs. 1.812bn rub. in profit; pretax losses - 1.012bn rub. vs. 357.439mln rub. in profit.

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 2015-net profit (IAS) rallied up 2.04 fold to 42.198bn rub. from 20.712bn rub.; revenues being up 29.52% to 219.972bn rub. from 169.842 rub.; operating profit - 48.7% to 58.594bn rub. from 39.404bn rub.; EBITDA - 39.55% to 65.606bn rub. from 47.014bn rub.; EBITDA margin coming to 29.8% from 27.7% in 2014

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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