The United Shipbuilding Corporation (USC) remains a deeply unprofitable structure, despite the profit at the end of last year, said Andrey Kostin, Chairman of the Board of Directors of USC.
Image source: USC
According to him, the main problem lies in old contracts, which still generate losses for the company.
A large financial hole, we are gradually closing it. Last year, a profit was indeed made. This year will be more difficult, because there are loans at high rates. But we would still very much like to reach break-even.
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