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Transaero reports strong net profit on the back of a 47% jump in revenues in 1H2010

27-Aug-2010 3:02 PM

Transaero reported a 47% year-on-year surge in revenues to EUR614.1 million in the six months ended 30-Jun-2010, resulting in net profit of EUR2.7 million, compared with a net profit of EUR427,342 in the previous corresponding period (according to Russian Accounting Standards) (Russian Transport Daily Report, 26-Aug-2010). The carrier also reported a 32% increase in assets to EUR921.2 million at the end of the Jun-2010.

*Based on the conversion rate at EUR1 = RUB39.0788