PJSC Turboatom Reports Earnings Results for the First Quarter of 2016

Turboatom AT, formerly Turboatom PAT, is an Ukraine-based company, which is engaged in the power equipment manufacturing of power machine industry. The Company manufactures steam turbines for thermal generating and nuclear power stations, hydro turbines for hydro power plants and pump storage power plants, and gas-driven turbines for combined-cycle plants. It specializes in the production of steam and hydraulic turbines of total installed capacity 8 million kilowatts and 2 million kilowatts per year, respectively. The Company operates through laboratory, experimental complex and production unit. The Company is active domestically, as well as exports its product to approximately 45 countries, including Bulgaria, Hungary, Greece, Norway, Argentina and Finland, among others.