Thursday, April 27, 2017

Motor Sich in the first quarter increased profits almost 5 times

Motor Sich in the first quarter increased profits almost 5 times. 
In January-March 2017, the largest manufacturer of aircraft engines and gas turbine units in Ukraine Motor Sich (Zaporozhye), according to international financial reporting standards, increased its net profit by 4.8 times, or by UAH 1.152 billion, to UAH 1.457 billion as against First quarter of 2016. 

In the first quarter, the company increased net income by 63%, or by 1.33 billion UAH, to 3.43 billion UAH compared to the same period in 2016 .
In 2016, Motor Sich reduced its net profit by 41%, or by UAH 1.365 billion, to UAH 1.964 billion compared to 2015, while also cutting net income by 24%, or by UAH 3.278 billion, to UAH 10.546 billion. 

Motor Sich produces engines for Mi-2, Mi-8 / Mi-17, KA-226, An-70, An-124, An-140, An-148 and Yak-130 helicopters. 17.3% of the company's shares belong to AT Business House Helena (Panama).

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