Page 71 - UKRRptSept19

9.1.12 Other sector news
The Ukrainian Defence Industry, a state concern of arms production, received UAH37.6bn ($1.47bn) of net income from its products sales in 2018, the conglomerate said in a statement published on Tuesday. "This figure is 32% higher than the data of 2017. Some of the branches gave the growth of more than 100%," read the statement. It also said the net revenue from the production of precision weapons and ammunition increased from UAH2.7bn ($105.6mn) in 2017 to UAH5.8bn ($226.8mn) in 2018, and the armoured vehicle industry's revenue grew from UAH5bn ($195.5mn) to UAH6.44bn ($251.8mn). According to the data, in 2017, the total net profit of the participating companies amounted to UAH1.5bn ($58.6mn) and the total net income was UAH28bn ($1.1bn). The state-owned association includes over 130 Ukrainian defence industry enterprises.
71 UKRAINE Country Report September 2019 www.intellinews.com