UTair Aviation returns to profit in 2016

UTair Aviation reported (03-Apr-2017) the following financial highlights in the year ended 31-Dec-2016:

• Revenue: RUB55,661.7 million (EUR755.4 million), +12.1% year-on-year;
• • Passenger: RUB46,562.6 million (EUR631.9 million), +22.1%;
  • Helicopter: RUB4290.8 million (EUR58.2 million), -35.5%;
• Costs: (RUB53,989.8 million) (EUR732,7 million), +3.7%;
• Profit from sales: RUB1671.9 million (EUR22.7 million), up from a loss of RUB2422.8 million (EUR36.1 million) in 2015;
• Net profit: RUB589.7 million (EUR8.0 million), up from a loss of RUB18,426.4 million (EUR274.6 million) in 2015;
• Total assets: RUB83,515.8 million (EUR1133.4 million);
• Cash and cash equivalents: RUB494.0 million (EUR6.7 million);
• Total liabilities: RUB95,205.5 million (EUR1292.0 million).

*Based on the average conversion rate at RUB1 = EUR0.013571 for 2016
*Based on the average conversion rate at RUB1 = EUR0.0149 for 2015 [more - original PR - Russian]