22 Jun 2012 14:26

USC expects profit to jump 70% in 2012

ST. PETERSBURG. June 22 (Interfax) - United Shipbuilding Corporation expects to post a net profit of 2 billion rubles in 2012, up 72.5% from 1.159 billion rubles in 2011, the state corporation's president, Roman Trotsenko told reporters on Friday on the sidelines of the St. Petersburg International Economic Forum.

Revenue this year is expected to grow by 30-33% to 162 billion-165 billion rubles, Trotsenko said.

He said USC aims to increase net profit to 12 billion-15 billion rubles by 2016-2017.