State Enterprise Antonov boosting net income from product sales

State Enterprise Antonov boosting net income from product sales

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Ukrinform
State Enterprise Antonov, a part of State Concern Ukroboronprom, continues to increase net income from product sales. The enterprise has increased its profitability by four times since 2015, the press service of Ukroboronprom reports.

“Antonov continues to increase net income from product sales. In 2017, this figure, according to operational data, amounted to UAH 5.9 billion, which is 1.6 times more than in 2016. Antonov also increased net profit, which in 2017 amounted to UAH 180 million. In 2015, when the enterprise entered Ukroboronprom, the leader of the aviation cluster increased its profitability by 4 times,” reads a report.

Ukroboronprom also reported that State Enterprise Antonov, which now employs over 10,000 specialists, has allowed enriching budgets of all levels by UAH 562 million last year. The average wage at the state enterprise amounts to UAH 9,034, which is 26% higher compared with 2015.

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