On April 24 Irkut Corporation (UAC member) issued consolidated financial statements according to International Financial Reporting Standards (IFRS) for 2016.
In the reporting year, Irkut Corporation's revenue increased by 17%, reaching almost 1.624 bln US$ against 1.386 bln US$ in 2015.
The growth was achieved mainly due to 62% increase in export proceeds. The gross margin in 2016 was 28% compared to 16% in 2015.
The profit from operating activities in 2016 exceeded 121 mln US$, which completely covered the Corporation's borrowing costs.
The net profit of the Corporation by the results of 2016 amounted to 18.219 mln US$.
The net profit for 2016 exceeded 1.1%.
Irkut Corporation carries out serial production of Su-30SM and Su-30MK multirole fighters, developing Yak-130 combat-trainer, testing new Yak-152 primary trainer aircraft. Being the prime contractor, Irkut Corporation develops the family of МС-21 commercial short/mid-range airliners.