Revenue at VSMPO-AVISMA increased by 13%

18.04.2014 — News

SVERDLOVSK REGION

In 2013, the VSMPO-AVISMA Corporation, OJSC saw 46.13 billion rubles in revenue, which is 13% more than during the same period in 2012.

The corporation’s press office told RusBusinessNews that it produced 28,860 tons of titanium products in 2013, vs. the 26,240 tons it manufactured in 2012. VSMPO-AVISMA's earnings before interest and taxes rose 13% – from 10.32 to 11.7 billion rubles. Net profits increased by 2% – from 7.33 to 7.45 billion rubles. This number was negatively affected by the drop in the exchange rate for the ruble in 2013.

In 2013, average output per worker at the corporation rose by 10.6%, amounting to 2.2 million rubles.

The company put 5.06 billion rubles into its annual investment program, which is 9.4% more than in 2012.