RAS net profit of JSC Aeroflot - Russian Airlines for H1 2014 decreased by 36.24% to RUB 3.391 billion from RUB 5.318 billion for the same period in 2013, the company reported.
Revenue increased by 14.85% to RUB 105.676 billion from RUB 92.014 billion, sales loss 3.95-fold to RUB 4.518 billion from RUB 1.144 billion, pre-tax profit decreased by 30.46% to RUB 4.687 billion from RUB 6.74 billion.
The revenue increase for the accounting period was mainly driven by a significant growth of passenger traffic.
Aeroflot's total assets since the start of the year increased by 20.7% to RUB 131.414 billion.
JSC Aeroflot Ц Russian Airlines (tax number: 7712040126) is the largest Russian air carrier accounting for 39% of Russia's international and 11% of domestic air service market. The state owns a controlling interest in Aeroflot (51.17%). The company's fleet consists of Tu-134, Tu-154, IL-96, A319, A320, A321, A330, and B767 airliners.
In H1 2014, Aeroflot increased its passenger throughput by 14.9% year-on-year to 10.962 million.
IFRS net profit of JSC Aeroflot Ц Russian Airlines for 2013 grew by 41.88% to RUB 7.335 billion from RUB 5.17 billion the year before. Revenue increased by 14.98% to RUB 290.956 billion from RUB 253.039 billion, profit from operations by 78.04% to RUB 19.795 billion from RUB 11.118 billion, pre-tax profit by 23.24% to RUB 13.704 billion from RUB 11.12 billion. EBITDA increased by 52.6% to RUB 31.849 billion from RUB 20.874 billion.
According to the DataCapital information retrieval system, RAS net profit of JSC Aeroflot Ц Russian Airlines for 2013 increased 3.65 times to RUB 11.097 billion from RUB 3.041 billion the year before. Revenue increased by 16.82% to RUB 206.277 billion from RUB 176.584 billion, sales profit by 64.11% to RUB 6.384 billion from RUB 3.89 billion, pre-tax profit 2.57-fold to RUB 16.299 billion from RUB 6.351 billion.
RAS net profit of Aeroflot for Q1 2014 grew by 5.12% to RUB 3.029 billion from RUB 2.882 billion for the same period in 2013. Revenue increased by 14.36% to RUB 46.103 billion from RUB 40.315 billion.