Uralvagonzavod at the end of 2020 received a record profit in the entire history of the enterprise
At the end of 2020, Uralvagonzavod Research and Production Corporation JSC (part of the Uralvagonzavod Concern is a part of Rostec State Corporation) received a positive financial result, which became a record for the entire period of the company's activity.
Net profit, according to the published financial statements for 2020, exceeded the record of 2018 and amounted to 7.449 billion rubles. Revenue in 2020 compared to 2019 increased by almost a quarter - to 102 billion rubles.
A positive financial result was achieved thanks to the fulfillment of obligations under the concluded contracts and the attraction of new counterparties, as well as timely measures taken to stabilize the financial and economic condition of the company amid the spread of a new coronavirus infection.
The data presented in the annual financial statements testify to the positive dynamics of the main financial and economic indicators of Uralvagonzavod. The company timely fulfills its obligations to transfer taxes and other mandatory payments. In 2020, social obligations under the collective agreement were fulfilled.