The company demonstrates a steady increase in sales and net profit. The revenue of the Kazan Motor-Building Production Association (KMPO) in 2018 amounted to RUB 11.8 billion (100% of the target figure). Growth compared to last year was up 26% (RUB 9.34 billion in 2017). At the end of 2018, net income is expected in the amount of (+) RUB 709.1 million, or 139% of the actual income in 2017.
A total of 19 complete sets, 18 gas pumping units with sub-supplier equipment and 108 gas turbine engines (new and repaired) were sold in 2018.
The main challenges that the KMPO team faces for 2019 are to increase the output and, accordingly, sales. The stock of orders for the current year is fully formed, the 2019 sales are expected at RUB 12.5 billion; there is a need to manufacture 27 sets. A total of 82 gas turbine engines, both new and repaired, will be sold. The main partners are large oil and gas companies such as Gazprom, Lukoil, Novatek, and REP Holding.
Based on information by KMPO Press Service