Irkut Corporation publishes financial IFRS statements for 2016

On April 24 Irkut Corporation (UAC member) issued consolidated financial statements according to International Financial Reporting Standards (IFRS) for 2016.

In the reporting year, Irkut Corporation's revenue increased by 17%, reaching almost 1.624 bln US$ against 1.386 bln US$ in 2015.

The growth was achieved mainly due to 62% increase in export proceeds. The gross margin in 2016 was 28% compared to 16% in 2015.

The profit from operating activities in 2016 exceeded 121 mln US$, which completely covered the Corporation's borrowing costs.

The net profit of the Corporation by the results of 2016 amounted to 18.219 mln US$.

The net profit for 2016 exceeded 1.1%.

Irkut Corporation carries out serial production of Su-30SM and Su-30MK multirole fighters, developing Yak-130 combat-trainer, testing new Yak-152 primary trainer aircraft. Being the prime contractor, Irkut Corporation develops the family of МС-21 commercial short/mid range airliners. 

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