UTair Aviation continues positive trend in 9 months ended Sep-2016 with EUR28m net profit

UTair Aviation reported (02-Nov-2016) the following financial highlights for the nine months ended Sep-2016, according to Russian Accounting Standards (RAS):

• Revenue: RUB43,494.8 million (EUR572.8 million), +12.7% year-on-year;
• Profit from sales: RUB3453.4 million (EUR45.5 million), +88.3%;
• Profit before tax: RUB2246.8 million (EUR29.6 million), up from a loss of RUB3373.5 (EUR51.3 million) in the nine months ended Sep-2015;
• Net profit: RUB2110.0 million (EUR27.8 million), up from a loss of RUB2482.0 (EUR37.7 million) in the nine months ended Sep-2015;
• Total assets: RUB95,391.8 million (EUR1256.2 million);
• Cash and cash equivalents: RUB2575.2 (EUR33.9 million);
• Total liabilities: RUB106,169.7 million (EUR1398.1 million). [more - original PR - Russian]

*Based on the average conversion rate at RUB1 = EUR0.013169 for the nine months ended Sep-2016

*Based on the average conversion rate at RUB1 = EUR0.0152 for the nine months ended Sep-2015