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UEC's geography



13.08.2013

Kuznetsov increases revenue and cuts losses

According to the results for the first six months of 2013, Kuznetsov (part of the United Engine Corporation) took in 3.291 billion rubles. This is up 37 % compared to the same period of the previous year, when the same indicator was 2.402 billion rubles.

The companyís revenue increased due to increased order volume and fulfilment of the production program. The companyís losses in the second quarter of 2013 were down 21.6 % to 626.5 million rubles.

As a reminder, in 2013 Kuznetsov is planning revenue of more than 10 billion rubles.

Kuznetsov is one of the largest companies making aviation and space engines. It is part of the United Engine Corporation.

Managing Company JSC United Engine Corporation is a wholly-owned subsidiary of OBORONPROM. More than 85 % of the leading companies specializing in development, mass production, and aftersales servicing of gas turbine technology are integrated into UEC, as well as key companies in other selected fields. One of UECís priority directions is implementing comprehensive programs for developing companies by implementing new technologies that meet international standards


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