CEO says Russia’s MiG receives record 90 bln rbl revenue in 2018

MOSCOW, Jun 17 (PRIME) -- Russian Aircraft Corporation MiG received a post-Soviet record revenue of 89.5 billion rubles in 2018, CEO Ilya Tarasenko told PRIME on Monday.

“As of today, we fulfilled all plans we had from the financial point of view. We raised revenue by more than 59% in 2016–2018. The corporation’s revenue amounted to around 56 billion rubles three years ago, but we managed to raise the indicator above 89.5 billion rubles in 2018,” he said.

“MiG has been in the positive zone for a third year in a row. We ended the year of 2018 with a high profit of 3.5 billion rubles. This points to the efficiency of our corporation.”

(64.4326 rubles – U.S. $1)

End