Turboatom sees almost 7% rise in profit in Jan-Sept
Kharkiv-based public joint-stock company Turboatom, the largest turbine manufacturer in Ukraine, saw UAH 625.99 million in net profit in January-September 2017, which was 6.6% more than a year ago.
According to a financial report of the enterprise, net revenue over the period grew by 19.4%, to UAH 1.5009 billion.
Gross profit totaled UAH 831.09 million (49.4% up), and operating profit rose by 16.3%, to UAH 738.9 million.
Taking into account earlier published data in January-June 2017, Turboatom increased net profit by 62% in July-September 2017 year-over-year, to UAH 253.6 million, and saw a 2.3-fold rise in net revenue, to UAH 455.6 million.
Turboatom is the sole producer of turbine equipment in Ukraine for hydro, heat and nuclear electricity stations. The enterprise supplies its products to 45 countries in Europe, Asia, Americas and Africa.
The state owns over 75% of shares in the company.
Advertising
Advertising
MORE ABOUT
Ukraine plans to put Turboatom with Electrotyazhmash up for sale
09:49, 31.08.2021
SPF initiates joining Electrotyazhmash to Turboatom
12:49, 27.07.2021
Energy ministry counting on intensification of Turboatom, Electrotyazhmash partnership with state-owned companies
12:40, 17.08.2020
Cabinet approves financial plan of Turboatom for 2020 with UAH 522 mln net profit
17:01, 20.05.2020
Cabinet approves Turboatom fiscal plan for 2019 with rise in net profit by 5%, net income by 7%
16:44, 21.11.2018
LATEST
New EU sanctions will apply to supplies of manganese ore and aluminum oxide to Russia – Latvian authorities
21:07, 03.05.2024
NBU lifts restrictions on import of works, services; introduces other currency concessions
21:01, 03.05.2024
Ukrainian coal could be exported due to shutdown of Centerenergo in Russian heavy shelling – Minister of Energy
19:26, 03.05.2024
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
DIM company accredits houses under construction in eOselia program