State-owned United Shipbuilding Corp (USC) logged turnover of RUB 350bn ($6.11bn) in 2016, according to its president, Alexei Rakhmanov, in what will be the third-consecutive year of growth for the company.

Rakhmanov revealed the figure in an interview with Parlamentskaya Gazeta, the journal of the Federal Assembly of the Russian Federation. He estimated net profit at about RUB 7bn.

Company spokesman Roman Chernigovstev confirms to TradeWinds that the figures were preliminary and are being updated for the 2016 annual report.