Uralvagonzavod is going to increase its net profit by a third in 2012

23.04.2012 — News

In 2012 the Uralvagonzavod Research and Production Corporation, OJSC, is planning to increase its revenue and net profit by one third as compared to the 2011 performance.

Oleg Sienko, General Director of the Corporation, has informed RusBusinessNews that the gain is expected to come primarily from defense and export supply orders.

Last year the Uralvagonzavod net profit increased by 1.5 times based on the Russian Accounting Standards, totaling 8.7 billion rubles. The sales revenues increased almost by 25%, totaling 67.8 billion rubles.