Turboatom posts UAH 125.7mn (USD 15.7mn) net profit for 2009.The Turboatom turbine company (Kharkiv), the largest turbine manufacturer in Ukraine, ended 2009 with a net profit of UAH 125.74mn (USD 15.7mn).

By bne IntelliNews February 9, 2010
In 2009, the enterprise increase the earnings from the sale of products by 30.3% y/y to UAH 720mn. According to the statement, Turboatom transferred a total of UAH 183.20mn into the state budget as taxes, duties, dividends, and deductions into the pension fund and other social funds. Turboatom also spent UAH 8.6mn on development of its social infrastructures and invested UAH 18.2mn in its technical development in 2009. Turboatom specializes in production of turbines for thermoelectric and nuclear power stations, hydraulic turbines for hydroelectric power stations and hydro-accumulator power stations, gas turbines for thermoelectric power stations, steam-and-gas equipment, and other energy equipment. The state owns 75.22% of the shares in Turboatom (these shares are managed by the State Property Fund).

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