Joint Stock Company "United Aircraft Corporation" announced unaudited standalone earnings results for the first half of 2014. Revenue for the first half of 2014 decreased by 50.8% and amounted to RUB 1.4 billion. Despite the fact that the company got operating loss of RUB 0.9 billion in the first half of 2014, financial results (achieved mainly due to interest income and foreign exchange gains) enabled the company to increase net profit by 3 times h-o-h to RUB 1.5 billion and get net profit margin of 112.5%. Moreover, net debt of JSC "UAC" compared to the beginning of the year reduced by almost RUB 10 billion (32.3%).

At the same time, the company expects year on year revenue growth of almost 3 times in 2014 to RUB 30.0 billion to RUB 35.0 billion, which will be provided primarily through the implementation of service contracts for the Ministry of Defense of the Russian Federation and an increase in the aircraft supply by the holding company of the Corporation.