Russia’s UAC widens net loss to $1.5 billion in 2015
Russia’s United Aircraft Corp. (UAC) reported a 2015 net loss of RUB108.7 billion ($1.5 billion), widened from a net loss of RUB13.7 billion in the year-ago period. According to a UAC statement, the losses are the result of asset depreciation, as well as an increase of expenses because of...
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