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17-May-2011 1:36 PM

Siberia Airlines 1Q2011 net profit up 65%

Siberia Airlines (S7) reported (13-May-2011) the following financial highlights (according to Russian Accounting Standards):

  • 12 months ended 31-Dec-2010:
    • Revenue EUR1004 million, +10.7% year-on-year;
    • Gross profit EUR197.1 million, -1%;
    • Net profit EUR2.5 million, n/a;
  • Three months ended 31-Mar-2011:
    • Revenue EUR188.5 million, +16.3%;
    • Gross profit EUR31.9 million, +50%;
    • Net profit EUR655,747, +64.5%.

* Based on the conversion rate EUR1 = RUB39.6830

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