IFRS net profit of Public stock company VSMPO-AVISMA Corporation for 2015 grew by 80.09% to $277.031 million from $153.828 million in 2014, the company reported.
Revenue decreased by 20.66% to $1.294 billion from $1.631 billion, profit from operations increased by 3.2% to $461.967 million from $447.644 million, pre-tax profit by 55.88% to $313.325 million from $201.006 million.
Public stock company VSMPO-AVISMA Corporation (tax number: 6607000556) is the largest worldwide manufacturer of titanium products (ingots and all kinds of titanium alloy-based semi-finished products). Also, the corporation produces aluminum alloy-based pressed articles, semi-finished products based on alloy steel and heat resistant nickel-based alloys. The company's two main production facilities are located in cities Verkhnyaya Salda and Berezniki. The company is a structural unit of state-run corporation Rostec.
VSMPO-AVISMA Corporation's authorized capital is RUB 11.53 million. It consists of 11,529,538 common shares with a face value of 1 ruble each.
IFRS net profit of Public stock company VSMPO-AVISMA Corporation for H1 2015 grew by 20.05% to $184.45 million from $153.638 million the year before. Revenue decreased by 22.32% to $664.018 million from $854.804 million, profit from operations increased by 16.22% to $250.552 million from $215.591 million, pre-tax profit by 17.31% to $226.785 million from $193.324 million.
According to AK&M Information Agency's DataCapital information retrieval system, RAS net profit of Public stock company VSMPO-AVISMA Corporation for 2015 grew 3.59 times to RUB 14.414 billion from RUB 4.019 billion in 2014. Revenue increased by 32.65% to RUB 72.66 billion from RUB 54.776 billion, sales profit by 67.43% to RUB 29.316 billion from RUB 17.509 billion, pre-tax profit 3.69 times to RUB 17.807 billion against a profit of RUB 4.821 billion.