Manufacturing conditions in Eve have been sub optimal this past year. Technological innovations in moon mining caused a flood of minerals onto the market, depressing prices with a knock on effect to manufactured goods.
Towards the end of the year this overproduction was augmented by falling demand resulting in an economic recession in Hisec. The result can plainly be seen locally, with factories being shut down and mothballed.
In the third Quarter we suffered an annoying war declaration which disrupted our activities for several weeks, though fortunately no assets were lost.
The price of PLEX fell significantly in the first half of the year, then rose to its previous level.
On the good side our station remains open, attracting an increasing number of users by having the cheapest rates in system. We acquired Blueprints for several new lines such as Battleships and various Modules. Our old products continue to be profitable though at reduced sales volumes.
Headline figures (2017 figures in brackets):
Net Profit 31% (61%)
Before PLEX Profit 71% (110%)
End year Corporation book value 274 Billion ISK