JSC “Corporation “VSMPO-AVISMA” for the first half of 2016, compared to a year earlier, increased net profit under International financial reporting standards (IFRS) on 26.4% to 13.35 billion. This is stated in the report.
The revenue of the Corporation for the reporting period increased by 22.6% and amounted to 46.7 billion rubles.
Profit before tax for January-June 2016 has increased by 24.6% to 16.2 billion rubles, gross profit rose by 13.2% and amounted to 23.1 billion rubles.
Recall that the “Corporation “VSMPO-AVISMA” – the world’s largest manufacturer of titanium alloys, with full technological cycle: from raw material processing to finished products with a high degree of machining. A controlling stake (about 60%) belongs to the Corporation management, the blocking shareholding of 25% plus one share of rostec. In free circulation are remaining about 10% of the Corporation’s shares that are traded on the Moscow exchange.