PJSC Motor Sich in January-September decreased consolidated net profit under international financial reporting standards (IFRS) by 25.72% YoY, to 1.884 billion UAH.
According to a company report posted in the information disclosure system of the National Commission on Securities and the Stock Market, its consolidated net income for the reporting period decreased by 28.28%, to 7.536 billion UAH.
According to the company, in January-June it saw a 1.284 billion UAH of consolidated net profit under IFRS, down by 19.27% YoY. Its consolidated net income fell by 26.82% during the first six months, to 5.063 billion UAH.
Motor Sich is one of the world’s largest manufacturers of engines for aircraft, as well as industrial gas turbines. It supplies products to more than 100 countries. (Interfax/Business World Magazine)
