- Net profit of JSC "UAC" in the first half of 2013, in accordance with the Russian Accounting Standards grew by more than 12 times compared to the same period last year
- The net profit margin was more than 18%
- Net debt of JSC "UAC" decreased by 6% compared with the beginning of the year
Moscow, August 5, 2013 — Open Joint Stock Company "United Aircraft Corporation" (JSC "UAC" and / or the Corporation) publishes its unaudited unconsolidated financial statements for the first half of 2013 according to Russian Accounting Standards (RAS).
Revenue JSC "UAC" in the first half of 2013 amounted to 2.7 billion rubles. Was lower than the same period in 2012, due to non-uniformity of the production cycle, the inherent aircraft industry. In this case, the results of 2013 the volume of revenue projected to remain at the level of the previous fiscal year — about 11.5-12.0 bln.
In the half-year reporting one of the new sources of revenue are in the R &D development of promising products and projects in accordance with the Federal Target Program "Development of Civil Aviation in Russia in 2002-2010 and for the period up to 2015", in the direction of providing income in the amount of 0.8 billion rubles .
Achieving high performance in financing activities increased the net income of the Corporation to 12 times compared to the same period in 2012, which has resulted in a net profit margin of more than 18%, and reduce the unallocated loss JSC "UAC" by 23% to 1.7 billion rub.
Net debt of JSC "UAC" for the 6 months 2013 decreased by 6% to 33.9 billion rubles., While there was a decrease in interest expenses by 2%.
Commenting on the financial results for the first half of the year, the Vice-President, Economics and Finance of JSC "UAC" Vladimir Chirikov, said: "We believe that the growth in net income and net assets may contribute to the development of interest to the investment community of the Corporation, as well as the formation of a positive history of securities of" KLA. "
The short form of the balance sheet of JSC "UAC" as of 30.06.2013 in accordance with RAS
|Cash and cash equivalents||20500631||19832419||19430564|
|Capital and reserves||191783873||191280972||176319960|
Short form report on the financial results of JSC "UAC" for January-June 2013, in accordance with RAS
|Profit on sales||(594300)||(396 656)||49.8%|
|Profit before tax||604580||102362||490.6%|
|Net profit margin||18.49%||1.25%|