JSC "Ulan-Ude Aviation Plant" (part of the holding company "Helicopters of Russia") has published its financial results for the first 9 months of 2011, according to Russian accounting standards.
As the press-service of JSC "U-UAP", due to the demand of the Mi-171 and its modifications in the global market revenues grew by 66% — up to 16,330,263 rubles., Net profit increased by 87.9% (to 4,272,625 thousand . rub.) compared to the same period last year.
The net asset value of the company compared to the same period last year increased by 64.7%. Through the procurement of new equipment, carried out in the framework of a comprehensive program of modernization of production by 59% compared to the same period last year increased the cost of the fixed assets of the plant. A significant share of the total supply amounted to export contracts.
"Strong growth in key indicators, which shows in the present JSC" U-UAP "as well as the efforts being made by the company to successfully bring to market the Mi-171A2, contribute to our efforts to achieve facing the holding company" Helicopters of Russia "strategic targets for increasing the share of the global helicopter market ", — said the managing director of" U-UAP "Leonid White.