Motor Sich's net profit fell threefold.

motorsichThe consolidated net profit under IFRS (International Financial Reporting Standards) of Zaporizhzhia-based Motor Sich PJSC fell by 3,4 times in January-March.

The total amounted to UAH 304,666 million. Meanwhile, the company's net income fell by more than 30% to UAH 2,1 billion, gross profit by 20,42% to UAH 1,352 billion, and consolidated operating profit by 59,87% to UAH 524,11 million.

Let us recall that Motor Sich is one of the world's largest manufacturers of aircraft engines and industrial gas turbine units. They are supplied to 106 countries around the world. According to preliminary information, the company's net profit for 2015 increased 2,37 times compared to 2014 and amounted to 3,67 billion hryvnia.

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