Tactical Missiles CorporationТs export portfolio at $3 bln - All News - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Tactical Missiles CorporationТs export portfolio at $3 bln

MOSCOW, Feb 14 (PRIME) -- The portfolio of export orders of RussiaТs largest producer of missiles Tactical Missiles Crop ration stands at almost U.S. $3 billion, and revenue amounted to about 230 billion rubles in 2019, CEO Boris Obnosov told reporters on Friday.

УPreliminary financial figures of the corporation are as follows. Revenue grew slightly as compared with 2018, the combined amount stands at about 230 billion rubles. Speaking of the portfolio of export orders, its amount is getting close to $3 billion. This should secure an increase in revenue in 2020,Ф he said.

The company planned to raise its revenue by 10Ц15% on the year in 2019, but failed to do so as several export orders were delayed to 2020 and as there were some problems with mass production. Exports contracted to around $700 million in 2019. But the state defense order was fulfilled, so the company posted a net profit of 20 billion rubles last year, he said.

The companyТs personnel contracted by 4% to about 55,000 people last year as it is switching to new technological processes that require fewer staff to maintain, he said.

(63.6016 rubles Ц U.S. $1)

End

14.02.2020 09:29
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 85.7389 -0.2259 28 mar
USD 77.7325 -0.9898 28 mar
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1049.88 +1.53 18:50 03 apr
micex 2572.23 +1.03 18:50 03 apr
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 189.77 +1.46 18:49 03 apr
lkoh 5204.50 +3.06 18:49 03 apr
rosn 345.00 +1.32 18:49 03 apr
sber 185.64 -0.70 18:49 03 apr
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 82.7875 -3.0925 14:59 03 apr
USDTD 77.7000 -1.2800 17:44 03 apr