IRKUT Corp Revenue Amounted To $1.7 Billion In 2014

Despite the changed economic situation and the significant decrease in exchange-value of rouble, IRKUT Corporation has seen a revenue increase to $1.7 billion for the year 2014.

On April 22, JSC IRKUT Corporation signed a consolidated financial report of 2014, according to IFRS (International Financial Reporting Standards).  Net profit of the Company by the results of 2014 amounted to $1,8 million.  

IRKUT Corporation continues development of the new MC-21 commercial airliner investment project . All the necessary investment for this project in 2014 (capital expenditures and financing design-manufacturing work) was fully implemented in the amount of $137 million (130 mln US$ in 2013), the company press statement says.

2014 resulted with positive operating flow  which allowed keeping the debt at the level of 2013. This has been achieved against the background of active investment programs and significant investment in floating capital related to the increased production of defense products.