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Industry

Antonov reports improved sales and earnings

08 February 2018

Ukrainian aerospace group Antonov has reported that sales more than doubled in 2017 to reach UAH5.9 billion (USD217.6 million), reflecting a shift to new markets plus the reform of management and business practices.

The group – which has traded as part of the Ukrainian state-owned defence and aerospace holding group Ukroboronprom since 2015 – also reported net earnings of UAH180 million, which the company claims have increased fourfold during the last two years.

Antonov added in its brief trading update of 7 February that the average wages of the group’s workers have increased 26% during the last two years and that “wage payments are timely and [paid] in full”.

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