Main results of financial and economic activity

History

Main results of financial and economic activity

Indicator 2009 2010 2011 2011/2010, %
Revenue, mln rubles 85,233 110,634 126,546 14.4
Costs, mln rubles 69,382 85,240 101,102 18.6
Gross profit, mln rubles 15,851 25,394 25,444 0.2
Gross profit margin, % 18.60 22.95 20.11 -2.84 pp
Net profit, mln rubles 6,319 15,622 17,053 9.2
Net profit margin, % 7.41 14.12 13.48 -0.64 pp

The improvement in the financial results is attributable to:

  • a reduction in the negative balance of other income and expenses;
  • a reduction in the profit tax and other mandatory payments.

JSC “MOESK” performed work in the reporting year to validate the calculation and payment of the corporate profit tax with respect to non-operating expenses for mobilization training activities that are non-refundable from the budget starting from 2008. Based on the measures taken, the profit and loss statement for 2011 reflects data on the profit tax refund.