RAS net loss of PJSC United Aircraft Corporation (UAC) for Q1 2017 decreased 2.01 times to RUB 314.917 million from RUB 633.892 million for the same period in 2016, the company reported.

Revenue increased 2.23 times to RUB 4.22 billion from RUB 1.891 billion, sales loss decreased by 18.93% to RUB 407.877 million from RUB 503.109 million, loss before tax by 46.08% to RUB 448.931 million from RUB 832.59 million.

PJSC United Aircraft Corporation (UAC, tax number: 7708619320) was established according to RF President's Decree "About the Open Joint Stock Company United Aircraft Corporation" as of February 20, 2006. UAC was incorporated on November 20, 2006. The authorized capital of UAC is RUB 188.9 billion, the Russian Federation owns 84.33% of its shares. 

UAC and its constituents are principally engaged in the development, manufacture, marketing, operation support, after-sales service and service maintenance, repair and recycling of civil and military aircraft.

IFRS net loss of UAC for 2016 decreased 24.54 times to RUB 4.481 billion from RUB 109.946 billion the year before. Revenue increased by 20.46% to RUB 416.926 million from RUB 346.12 million, profit from operations was RUB 11.203 billion against a loss of RUB 69.412 billion in 2015, loss before tax decreased 20.57 times to RUB 5.078 billion from RUB 104.447 billion.