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24 June, Saturday

Ufa   °

Ufa Aggregate Production Association increased net profit by 2.5 times in 2014

Business

UFA, 10 April 2015. /Bashinform News Agency, Elvira Latypova/.

JSC "Ufa Aggregate Production Association" completed the year of 2014 with a net profit of 341 million rubles against 133.8 million profit in 2013, as follows from the financial statements of the enterprise.

Revenues increased 1.3 times to 2.38 billion rubles, and the cost of sales — by 15.6 percent to 1.3 billion rubles. Thus, the gross profit has developed with the growth of more than half — at 1.1 billion rubles. Profit from sales amounted to 490.6 million rubles (2.4 times), pre-tax profit – to 445.5 million rubles (2.5 times).

Accounts payable doubled to 695.4 million rubles for the year. Accounts receivable for the same period increased almost six times — up to 917 million rubles.

JSC "Ufa Aggregate Production Association" is the main enterprise of power supply systems division of the "Aviation Equipment" holding included in the Rostec State Corporation. It was founded in 1935. It manufactures innovative assembly units, including for multi-purpose fighters of the fifth generation. It supplies its products to the Russian market and to the neighbouring countries and beyond.

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