OREANDA-NEWS. August 16, 2010.   In 2Q2010, Kazan Helicopter Plant managed to keep revenue at the robust level of the preceding quarter, but saw margins pressurized by growing manufacturing costs. The company’s 6M2010 financials showed a substantial growth y-o-y.

On August 13, Kazan Helicopter Plant (RTS: KHEL) released a financial report for 1H2010. The company’s revenue surged 2.9x y-o-y in the reporting period, up to USD 329 mn. Sales totaled USD 73.8 mn, and net income amounted to USD 46.6 mn, compared with a loss y-o-y.


                           1H2010  1H2009       Change      2Q2010        1Q2010     Change


Revenue               329.3         115.2       186.00%      164.6            164.7        0.00%
COGS                  208.8           81         157.90%       109.3           99.5          9.80%
Gross income      120.5            34.2       252.40%       55.3            65.2         -15.10%
Gross margin       36.60%         29.70%  + 6.9pp         33.6%        39.60%     - 6.0 pp
Selling expenses  46.7             49.5      -5.60%           28.7           18             59.20%
Sales                  73.8            -15.3         -                   26.6           47.1         -43.50%
Sales margin       22.40%       -13.30% + 35.7 pp         16.2%          28.60%   - 12.4 pp
Net income         46.6              -6.8           -                 11.7            34.9           -66.50%
Net margin         14.20%           -5.90%  + 20.1 pp        7.1%           21.20%      - 14.1 pp