Aeroflot reports USD122m net profit according to RAS in 1H2016

Aeroflot reported (01-Aug-2016) the following financial highlights for 1H2016 according to Russian Accounting Standards:

• Revenue: RUB194,150 million (USD2949 million), +24.0% year-on-year;
• Cost of sales: RUB175,021 million (USD2658 million), +18.5%;
• Net profit: RUB8013 million (USD121.7 million), compared to a loss of RUB1063 million (USD18.6 million) in p-c-p;
• Passenger numbers:19.7 million, +10.3%;
• • Aeroflot Airlines: 13.4 million, +12.2%;
• Load factor:78.6%, +2.9 ppts;
• • Aeroflot Airlines: 78.9%, +2.0 ppts. [more - original PR]

*Based on the average conversion rate at RUB1 = USD0.015188 for 1H2016
*Based on the average conversion rate at RUB1 = USD0.017487 for 1H2015

Aeroflot: "Today we are publishing our financial results prepared under Russian Accounting Standards for the first half of 2016. Our strong financial results were driven primarily by our high operational results, with rising passenger numbers and a higher load factor," Shamil Kurmashov, Deputy CEO for Commerce and Finance. Source: Company statement, 01-Aug-2016.