Sukhoi, Russia’s leading producer of civilian and military aircraft, posted revenues of 47.8 billion rubles ($1.45 billion) in 2011 a record figure since the company’s establishment, according to Sukhoi’s financial statements posted on its website on Monday.
The company’s 2011 net profit increased more than fivefold to 5.24 billion rubles while operating profit equaled slightly over 7 billion rubles.
The company continued implementing its major projects in 2011, focusing both on military aircraft and the Suikhoi Superjet 100 regional airliner, Chairman of the Sukhoi Board of Directors Mikhail Pogosyan and Sukhoi CEO Igor Ozar said in a statement.
The company managed to considerably boost after-sale and aircraft maintenance services, with revenues in this business exceeding $300 million and coming close to 20 percent of the company’s earnings.