Antonov State Enterprise boosts net revenue by 62% in 2017

The enterprise's net revenue rose by 1.6 times against 2016.
16:42, 7 February 2018

Open source

Antonov State Enterprise (Kyiv) saw $216 million in net revenue over 2017, which indicates a 1.6-fold rise compared to 2016, according to the data published by the Ukroboronprom State Consortium, Interfax-Ukraine reports. 

Related: Antonov enterprise cyber attack claims, publishing fake letter on website

Ukroboronprom’s press service reported its net profit at $6.59 million.

Antonov is Ukraine’s leading developer and manufacturer of aircraft, a recognized world leader in the niche of transport aircraft. The enterprise cooperates with producers from 75 countries around the world. By the government’s decision, the enterprise has been part of the Ukroboronprom State Consortium since April 2015.

Related: State enterprise Antonov commented on its possible cooperation with Russia

According to the enterprise, in 2016, its net profit under the Ukrainian accounting standards rose 4.1-fold, to $6.52, whereas the net revenue shrank by 0.16%, to $133 million.

Antonov Airlines, a division of Antonov State Enterprise (Kyiv), has taken part in preparations for the launch of a super-powerful Falcon Heavy rocket from the launch pad at Cape Canaveral, Florida (the United States), Ukraine's Embassy in the United States has reported.

Related: Antonov Company can renew cooperation with Russia

The company was preparing for the launch of the rocket for seven years. The rocket stands 70 m tall, its core has a diameter of 3.66 m, and when fully assembled with its side boosters is 12.2 m wide and weighs 1,420 tonnes.

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