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OAK set up new sub.

Dec. 6 Joint Aviation Corp. acquired 100% in OAK-Purchases, the company informed.

The decision on the foundation of two subs (OAK-Purchases and OAK-Development) in order to improve the management model was made at the BOD sitting Nov. 11.

OAK (TIN 7708619320) was set up in Feb. 2006. It involves Aviation Holding Sukhoy, Irkut, Corp. Komsomolsk-na-Amure Aviation Gagarin's Association, Nizhegorodsky Aircraftbuilding Plant Sokol, Novosibirskoe Aviation Chkalov's Association, Tupolev, Ilyushin, Ilyushin Finance Cor., Aviastar JV, Tavia, Financial Leasing Company.

The 9-month 2013-net (RAS) gained 1.371bn rub. vs. 1.251bn rub. in losses prior year. The revenues dropped 14.45% to 3.315bn rub. from 3.875bn rub.; losses from sales - 45.41% to 866.228mln rub. from 595.722mln rub.; pretax profit coming to 1.386bn rub. vs. 1.262bn rub. in losses.

The IH 2013-net losses (IAS) rallied down 44.21% to 8.978bn rub. from 16.092bn rub. prior year; revenues increased 29.04% to 81.262bn rub. from 62.973bn rub.; EBITDA coming to 11.556mln rub.; EBITDA margin - 14%.

"AK&M", 13.12.2013


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