Russia’s Irkut Corp. posts $20.1 million net income for 2016

Russian aircraft manufacturer Irkut Corp. reported a 2016 net income of RUB1.2 billion ($20 million), reversed from a RUB2.3 billion net loss in the year-ago period. Revenue for the year rose 28.8% to RUB108 billion. The company cited export growth in 2016 as the reason for the improved results...

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