In 2016 VSMPO-Avisma, the leader of the Russian titanium industry and the largest taxpayer of the Sverdlov region, increased net profits 1.8-fold YoY, from 14.8 billion rubles to 26.6 billion rubles.
The revenues totaled 76.2 billion rubles, up by 4.9% YoY.
The net profits were influenced by the growth of the dollar exchange rate resulting in the increase of the export revenue in ruble equivalent by 19%, as well as the decrease of expenses. EBITDA increased 1.7-fold.
Taxes paid by the corporation in 2016 exceeded 7.7 billion rubles. Fulfillment of the social responsibilities cost 1.5 billion rubles. (Ukrainian metal)
