OREANDA-NEWS. April 06, 2012. JSC IRKUT Corporation summed up the financial records for 2011 according to Russian Accounting Standards (RAS). Proceeds of JSC IRKUT Corporation as a result of 2011 amounted to 49.5 billion rubles (USD 1.54 billion at the rate of the CBR on 12.31.2011), which is 5.3% more than in 2010. Proceeds of the Corporation have increased by 6 times since 2005, reported the press-centre of UAC.

Gross profit of the Corporation in 2011 amounted to 12.5 billion rubles (USD 389 million). Gross profit compared to 2010 is lower due to the development of new products and a significant increase of its share in total production volume.

Pretax profit fell slightly by 6.6% and amounted to 1.3 billion rubles (USD 40.9 million). Net profit of the Corporation amounted to 0.8 billion rubles (USD 24.5 million).

In 2011 JSC IRKUT Corporation has continued supplying customers with Su-30MKI multirole fighters and kits for its assembly under license, as well as produced and delivered a large lot of Yak-130 New generation Combat trainers to a foreign customer.

Auditor’s conclusion on the financial statement of JSC IRKUT Corporation for 2011 was prepared by FinExpertiza.