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IRKUT CORPORATION’S NET PROFIT INCREASED BY 44% IN 2011 COMPARED TO 2010
21/052012

JSC IRKUT Corporation publishes its financial statements for 2011 according to IFRS.

As a result of 2011 JSC IRKUT Corporation received a record amount of net profit - 123 443 thousand US$, which is 44% more against the last year results (net profit of 2010 - 85 546 thousand US$). Net profit margin was 8% in 2011 (2010 – 5%).

Proceeds of JSC IRKUT Corporation in 2011 amounted to 1 626 028 thousand US$, which corresponds to the last year.

Operating profit in 2011 amounted to 203 100 thousand US$, against 161 753 thousand US$ in 2010. Operating profit margin in 2011 was 12%, which is rather high figure for the global aviation industry.

High level of the Corporation’s profitability was the result of increasing managing flexibility, implementation of innovative technologies, as well as decreasing production costs and widespread use of lean manufacturing technologies. Among the factors that have had an impact on the Corporation’s activities in 2011 was the first serial delivery of the Yak-130 New generation combat trainer.  

The positive results of JSC IRKUT Corporation in 2011, increased order backlog, successful development of the main programs – Su-30, Yak-130, MC-21, indicate the stable position of the Company.

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