Antonov state enterprise sees 60% fall in net profit in Jan-Sept

15:03, 29.11.2017 1 min read

Antonov State Enterprise (Kyiv) saw a 60.31% fall in net profit under Ukrainian accounting standards in January-September 2017 year-over-year, to UAH 28.78 million.

According to a financial report posted on the enterprise's website, net revenue over the period grew by 56.71%, to UAH 3.737 billion.

The company said that in January-June 2017 net profit narrowed by 66.59% year-over-year, to UAH 22.79 million, and net revenue grew by 37.7%, to UAH 2.223 billion.

Antonov is Ukraine's leading developer and producer of aviation equipment and a recognized world leader in transportation aircraft. Since 2015 it has been part of the state-run Ukroboronprom concern.