VSMPO-AVISMA’s net profit increases by 39.4%

The company presented its financial statements for 2013.

In 2013 according to the International Financial Reporting Standards VSMPO-AVISMA’s net profit grew by 39.4% compared with 2012, amounting to $279 million 696 thousand dollars, RBC informs, referring to the report of the company.

In 2013 VSMPO-AVISMA’s IFRS revenue grew by 13.9 % and amounted to 1.612 billion dollars compared to 1.415 billion dollars in 2012. The gross profit amounted to $ 659.969 million ($ 590.254, an increase of 11.8%), the operating profit – $ 388.794 million ($ 296.348 million a year earlier, an increase of 31.2%), the profit before tax – $ 347.822 million ( 265.790 million in 2012, an increase of 30.9 %).

The ultimate supervisor beneficiary of the corporation is Mikhail Shelk.