Antonov state enterprise sees 39% fall in net profit

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July 24, 2012, 1:45 p.m. | Business — by Interfax-Ukraine

A hired Antonov aircraft arrives from Uruzgan, Afghanistan at De Kooi Airbase in Woensdrecht, in the southern part of the Netherlands, on September 17, 2010.

Kyiv-based Antonov state-run enterprise in January-June 2012 saw net profit fall by 39.05%, to Hr 66.327 million, reads a company report.

The report posted in the information disclosure system of the National Commission for Securities and the Stock Market says that its net revenue over the period grew by 18.21%, to Hr 1.45 billion, gross profit by 7.68%, to Hr 340.72 million and operation profit rose by 2.9%, to Hr 184.3 million.

The core business of Antonov Enterprise (formerly Antonov Design Bureau) is aircraft designing. Since 2008, it has belonged to the Antonov State Holding along with its branch, the state Antonov Serial Plant (formerly Aviant), the 410th Civil Aviation Plant (both based Kyiv) and Kharkiv State Aircraft Manufacturing Company.

In January-March 2012 its net profit grew by 29.39% from 2011, to Hr 35.25 million, net revenues were up by 2.4 times, to Hr 801.42 million.

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