VSMPO-Avisma’s revenues to drop 30%

24 August 2009 (11:02)

VSMPO-Avisma Corporation’s revenues might drop by an impressive 30% by the end of 2009 in comparison with the year 2008, the company’s BOD member Vladislav Tetyukhin announced at this year’s MAKS air show.

Tetyukhin explained that the corporation would actually manage to make some net profit in 2009, but he was reluctant to give the exact figures. At the same time, VSMPO-Avisma’s goods output in 2009 is expected to come to 19,000 to 20,000 tons against last year’s 25,600 tons, RIA Novosti quoted the business executive as saying.

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