Energia, a Russian rocket and space company, said Monday its net profit calculated to Russian Accounting Standards (RAS) grew 220% year-on-year in 2006 to 509.5 million rubles (about $20 million). S.P. Korolev Rocket and Space Corporation Energia, which designs Soyuz-piloted spaceships and Progress carrier rockets, launches communications satellites, and operates the Russian segment of the International Space Station, attributed the higher figure to a dynamic increase in revenue from commercial services in 2006.
Sales grew 38% in the reporting period to 8.69 billion rubles (about $337 million) while pre-tax profit was up 160% to more than 789 million rubles (about $31 million), Energia said.
Korolev RSC Energia – 05/21/2007
The Corporate Board of Directors has given its preliminary approval to the annual report of the public corporation "S.P.Korolev RSC Energia" for the year 2006. According to the accounting, the net profit of the corporation in 2006 amounted to 509 million rubles. The annual report is now submitted for approval to the annual stockholders' meeting which is scheduled for June 29, 2007.
Korolev RSC Energia – 05/17/2007
