VSMPO-Avisma Corporation Profits Increase by 40%
07.03.2019 — News
For 2018, revenue for the VSMPO-Avisma Corporation, PJSC rose by 23%, up to 89.069 billion rubles. Profits from sales grew by 40%, up to 31.847 billion rubles.
Sales of titanium products, in physical terms, reached 33.7 thousand tons (+17%). At the same time, the company’s net profits dropped to 18.789 billion rubles (-2%) due to an overestimation in foreign currency balance sheets. This same factor also had an effect on the EBITDA, reducing it by 989 million rubles (-1.4%).
The corporation informed RusBusinessNews that VSMPO-Avisma's assignments to various-level budgets consisted of 7.257 billion rubles. The sum of 1.74 billion rubles was committed toward fulfilling social obligations.
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