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Russian titanium monopoly increased its net profit by 28%

As the recently disclosed financial statements, prepared in accordance with RAS standards specialists of the corporation «VSMPO-Avisma» (monopoly Russian titanium metal market) in the second quarter of this year, the company received more than 1.85 billion. Rubles of net profit. It's a bit less than in the first quarter (current figures decreased in relation to the data for January — March 1%). But for the entire first half of this year, the corporation was received net profit in the amount of more than 3.72 billion. Rubles. This is 28% more than in the first half of 2012.

In a detailed report financiers titanium companies indicated that revenues of JSC «VSMPO-AVISMA» in the second quarter of this year increased by 6% compared to the first quarter of this year and amounted to 11.485 billion. Rubles. During the first half of this year, the amount of revenue exceeded 22.3 billion rubles -. This is 18% more than in the first half of 2012.

Earlier it was reported: «Avisma» and last year showed a positive trend in financial matters. As follows from the statements of its accountants, prepared in accordance with IFRS standards, the net profit of Titanium Corporation in 2012 as compared to the figures pozaproshlogodnie increased 1.8 times (to 200.2 million. Dollars).

Recall that the JSC «VSMPO-Avisma» — one of the world's leading producers of titanium, its products, as well as titanium alloys and ferrotitanium. The Company accounts for about a third of the world market of light and durable metal. In addition to the above, the company produces large-size extruded aluminum products, products made of alloy steel and heat-resistant nickel alloys and some types of products with high added value of these materials. Among the consumer products company — the world's leading actors of aviation, aerospace, chemical, power and oil and gas industries.

At the moment, less than half of the securities of OJSC «VSMPO-Avisma» owned «OboronImpex» subsidiary «Rostec». A 50% +1 share of titanium monopoly consolidated five top managers of the company, headed by its acting general director — Mikhail Voevodin. Production sites are located in the town of Verkhnyaya Salda, Sverdlovsk Region («VSMPO») and the city of Berezniki, Perm Region («Avisma»), where the enterprise organizations provide local residents about twenty thousand jobs.

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