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Roscosmos reported a consolidated net income for the first time

Credit: kremlin.ru

Today, General Director of the Roscosmos State Corporation for Space Activities Dmitry Rogozin was received by the Russian President, presidential web page reports.

“The consolidated proceeds of Roscosmos increased from RUR 304 bln in 2017 to RUR 387 bln ($6 bln). This year we plan to increase the revenue to RUR 445 bln. It was the first time we reported a consolidated net income, which we hope to increase fourfold in 2019,” Rogorin said. “The Roscosmos management team has taken measures to reduce the corporation’s debts by RUR 10 bln in the fourth quarter of 2018. We will further reduce them by another RUR 10 bln this year,” he noted.

 

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