Ukrainian gas turbin manufacturer increased its income by almost 10 times
The introduction of the electronic trading system has boosted the company's profit, UBR.
During the first 9 months of 2016, net profit of the state enterprise of the research and production gas turbine complex "Zorya-Mashproekt" amounted to UAH 29.9million.
Thus, the profitability of the enterprise for three quarters of 2016 exceeded the income of the same period in 2015 by 9.5 times, according to the press service of "Ukroboronprom."
"The growth of the company's profit is largely due to the introduction of the electronic trading system. The transition to such purchases allowed to reduce the share of material costs significantly.Thus, the cost of production compared to last year decreased by 15%," it goes in a statement.