IFC for the first time since 2015 showed a profit from sales based on the results of work for 9 months of 2020.
According to the results of work for 9 months of 2020, the aviation leasing company OJSC “Ilyushin Finance Co.” (IFC) showed a profit from sales for the first time since 2015. Despite the complicated situation in the air transportation industry and, as a result, a decrease in the level of revenue of IFC, as a result of the measures taken by the company to improve efficiency, according to the results of 9 months of 2020, a profit from sales of 11 million rubles was received, despite the fact that for the same period last year this indicator amounted to minus 330 million rubles.
"The improvement of the financial result confirms the correctness of the chosen strategy, which involves optimizing the company's activities and increasing the efficiency of all business processes aimed at obtaining results," commented Sergey Turkin, General Manager of IFC.