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Saturn NPO pushed net profit upward.

The 2013-net losses at NPO Saturn rocketed 141.47 fold upward (IAS) to 599mln rub. from 4.234mln rub., the company informed.

The revenues moved up 27.1% to 15.474mln rub. from 12.175mln rub.; operating profit coming to 1.068mln rub. vs. 3.025mln rub. in losses; pretax losses rallied up 51.25 fold to 217mln rub. from 4.234mln rub.

Saturn NPO (TIN 7610052644) was formed on the basis of Rybinskie Motors and A.Lyulka-Saturn in July 2001. It is a leading engine production company providing development, servicing and production of gas turbine engines for different sectors of economy.

The share capital is equal to 3.984bn rub. split in 3983657690 common stocks of 1 rub. par. The Company is included into Joint Engine Corp. (ODK) as Oboronprom sub set up to provide management over the engine building assets.

The 2013-net losses increased 2.53 fold (RAS) to 2.9bn rub. from 1.146bn rub. prior year; revenues rallied up 35.74% to 17.678bn rub. from 13.023bn rub.; profit from sales - 3.91 fold to 1.642bn rub. from 430.12mln rub.; pretax losses - 59.75% to 2.441bn rub. from 1.528bn rub.

"AK&M", 14:15, 07.07.2014 1251 AKM,COR


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