Ural Airlines revenue up 31% in 2016; EUR37m net profit

Ural Airlines reported (10-Mar-2017) the following financial highlights in the year ended 31-Dec-2016, according to Russian Accounting Standards (RAS):

• Revenue: RUB57,320.5 million (EUR777.9 million), +30.7% year-on-year;
• Profit from sales: RUB2616.5 million (EUR35.5 million), +184.2%;
• Net profit: RUB2681.7 million (EUR36.5 million), +845.5%;
• Total assets: RUB13,599.1 million (EUR184.6 million);
• Cash and cash equivalents: RUB322.4 million (EUR4.4 million);
• Total liabilities: RUB8846.3 million (EUR120.1 million).

*Based on the average conversion rate at RUB1 = EUR0.013571 for 2016 [more - original PR - Russian]