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The largest Ukrainian manufacturer of aircraft increased its profit by 30 times

Крупнейший украинский производитель авиатехники увеличил прибыль в 30 разIncome rose to 5.4 billion UAH.

The state enterprise Antonov, the results of work in January-September 2018 increased its net profit under Ukrainian accounting standards (UAS) in 29.5 times in comparison with the same period of 2017 to 848,2 million.

This was announced in the enterprise.

Net income increased by 44.68% to UAH 5.4 billion. The company noted that the increase in financial indicators during the reporting period 2018 due to increasing orders and higher revenues from services non-scheduled air transport of structural units of the airline Antonov Airlines.

In addition, the growth of research and development work and production of spare parts for aircraft has also contributed to the improvement of the financial results.

Antonov is a Ukrainian developer and manufacturer of aircraft. In 2015 the company is part of the state concern Ukroboronprom. Antonov is cooperating with more than 75 countries of the world. In 2017, the company increased its profit by 1.1%, or 1.9 million UAH – to UAH 180 million and net income from sales of products by 1.6 times – up to UAH 5.9 billion in comparison with the year 2016.

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