Profit corporation Irkut for the year 2011 increased by half compared to 2010

JSC "Corporation" Irkut "publishes its consolidated financial statements for 2011 prepared under International Financial Reporting Standards (IFRS).

 

In 2011, JSC "Corporation" Irkut "received a record amount of net profit — 123 443 thousand U.S. dollars, which is 44% higher than in 2010 (net income in 2010 — 85 546 thousand U.S. dollars) . The net profit margin for 2011 was 8% (2010 — 5%.).

Sales of the "Corporation" Irkut "for the year 2011 amounted to 1,626,028 thousand dollars, which is about the same level as last year. 

The operating profit of JSC "Corporation" Irkut "for 2011 amounted to 203 100 thousand U.S. dollars against 161 753 thousand U.S. dollars as of 2010, operating profit margin for 2011 is 12%, which is rather high for the global aviation industry.

The high level of profitability of the Corporation was the result of the introduction of modern technologies, increase managerial flexibility, lower production costs and increased use of methods of "lean production". Among the factors that have had a positive impact on the operations of the Corporation, — the implementation in 2011 of the first serial deliveries of combat training of new generation aircraft Yak-130.

The positive results of 2011, building portfolio, the successful development of major programs — the Su-30, Yak-130 and MC-21 — show an unstable position of JSC "Corporation" Irkut ".

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