The net profit of the VSMPO-AVISMA Corporation is over 14 bn rubles

18.05.2016 — News

SVERDLOVSK REGION

In 2015 the VSMPO-AVISMA Corporation’s sales reached 72.66 billion rubles. The sales increased by 32% as compared to 2014. The information is published in the Company’s annual report.

As RusBusinessNews has been informed by the Press Service of the Corporation, the sales revenue increased 1.6 times, totaling 29.32 billion rubles. The net profit went up nearly 3.6 times to 14.4 billion rubles.

The main factor that contributed to the significant improvement of the indicators was a 32% increase in the dollar rate against the ruble, according to the report. Besides, the output of die-forgings – products requiring higher-level machining – increased by 5%.