Motor Sich in nine months posts 30.5% fall in net profit

16:02, 28.10.2013 1 min read

PJSC Motor Sich (Zaporizhia) in January-September 2013 saw its net profit under international financial reporting standards (IFRS) fall by 30.47% compared to the same period in 2012, to UAH 1.207 billion.

According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, the company's net income for the first nine months increased by 17.62%, to UAH 5.918 billion, and its gross profit rose by 8.98%, to UAH 2.507 billion, while its operating profit declined by 33.94%, to UAH 1.162 billion.

In January-June 2013, Motor Sich saw its net profit fall by 5.57% compared to the same period last year, to UAH 825.58 million, while its net income in the first half of the year increased by 20.6%, to UAH 3.883 billion.

PJSC Motor Sich is one of the world's largest manufacturers of engines for aircraft, as well as industrial gas turbines. It supplies its products to 106 countries.