UPDATE: Pres says USC expects 15.6% of IFRS ’18 revenue from civil goods

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MOSCOW, Dec 10 (PRIME) -- United Shipbuilding Corporation (USC) expects to have 15.6% of its revenue under International Financial Reporting Standards (IFRS) to come from the from sales of civil goods in 2018, President Alexei Rakhmanov told reporters on Monday.

“We will reach a 15.6% share of civil products in the total amount of revenue… under IFRS standards. We have boosted the civil goods output by 2.6 times since 2015,” Rakhmanov said.

He also said that USC affiliate Baltic Shipyard plans to spend 4 billion rubles on automation of the processes and a labor productivity rise on the facility in 2022–2027.

(66.9227 rubles – U.S. $1)

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