10 November 2003 03:17
Business in Brief: Irkut Profit Soars
MOSCOW -- Military aircraft maker Irkut said Thursday its 2002 operating profit under U.S. generally accepted
accounting principles rose to $89 million from $31 million the previous year, Dow Jones reported.
Irkut, which aims to conduct an initial public offering on a Russian exchange next year, said earnings before
interest, taxes, depreciation and amortization rose to $103 million from $45 million in 2001, while revenues rose to
$528 million from $308 million.
The company gave no figure for net profit, but said pretax profit totaled $9 million, without giving a comparable
figure for 2001.
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