On November 12, JSC Beriev Aircraft reduced its equity position in OJSC Irkut Corporation to 28.26% from 31.64%, Beriev Aircraft informed.
Beriev Aircraft's holding of Irkut common shares decreased to 83,701 from 93,701.
JSC Beriev Aircraft (Taganrog Aviation Scientific-Technical Complex named after G.M. Beriev, tax number: 6154028021) is part of JSC United Aircraft Corporation (UAC). UAC and its constituents are principally engaged in the development, manufacture, marketing, operation support, after-sales service and service maintenance, repair and recycling of civil and military aircraft.
The authorized capital of the corporation is RUB 174.61 billion, the Russian Federation owns 80.29% of its shares.
According to the information and retrieval system DataCapital, RAS net loss of Beriev Aircraft for January-September 2013 grew by 72.44% to RUB 447.663 million from RUB 259.606 million the year before. Revenue increased by 76.39% to RUB 1.282 billion from RUB 726.796 million, sales loss decreased by 40.12% to RUB 24.371 million from RUB 40.697 million, loss before tax grew 2.45-fold to RUB 528.471 million from RUB 215.793 million.
OJSC Irkut Corporation (research and production corporation, tax number: 3807002509) is part of UAC engaged in the manufacture and development of military and civil aircraft (in particular, SU heavy fighters, Be-200 amphibian aircraft). Besides, the enterprise developed facilities for the P2F conversion of Airbus A320 aircraft.
IFRS net loss of Irkut Corporation for 9 months 2012 was $44 million against a profit of $82.2 million the year before. Revenue was $808.38 million against $1.024 billion for 9 months 2011, while gross profit margin increased from 31.76% in 2011 to 32.86% in 2012.
According to the information and retrieval system DataCapital, RAS net loss of Irkut Corporation for January-September 2013 dropped by 49.17% to RUB 1.066 billion from RUB 2.097 billion the year before. Revenue increased by 55.76% to RUB 32.218 billion from RUB 20.685 billion, sales profit was RUB 134.268 million against a loss of RUB 1.029 billion, loss before tax decreased 2.06-fold to RUB 1.218 billion from RUB 2.513 billion.