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