Sukhoi’s civil aircraft division has halved full-year pre-tax losses to Rb4.7 billion ($83 million), having recorded a 32% rise in revenues to Rb46.8 billion.
The Superjet 100 airframer has released the figures, which are calculated according to Russian accounting standards.
Sukhoi states that it lifted revenues through increased Superjet deliveries, for which it also charged a higher average price, owing to a fall in the proportion of initial customers in its overall sales.
Sales income benefited from the supply of Superjets in business configuration to the Royal Thai Air Force.
The company says it delivered 26 aircraft last year, primarily to state transport lessor GTLK.
Sukhoi Civil Aircraft turned in a Rb3.8 billion net loss for the year, an improvement on the previous figure of Rb10.7 billion.
It says this 65% reduction in net losses resulted from “optimising” the company’s core operating performance and cutting interest expenditure following federal support to reduce the company’s debt, which stood at Rb27.3 billion at the end of 2016.
Source: Cirium Dashboard
