Transaero increases net profit by 61% for first half of 2014

Transaero Airlines has published its financial statement for the first six months of 2014 under International Financial Reporting Standards. Revenue from air operations and other services reached 48,602,491 thousand rubles, a 6.79% increase over six months of 2013, passenger traffic grew 4.8% over the same period of 2013 and revenue from cargo transportation increased by 20%. Net profit amounted to 750,471 thousand rubles, a 61% growth. EBITDA amounted to 8.225bn rubles (+16.57%), while EBITDA margin grew 1,42 points to 16.92%. EBITDAR increased to 9.978bn rubles (+17.33%), while EBITDAR margin grew 1,84 points to 20.53%. Cash flow from operating activities reached 5,764,644 thousand rubles (+5.4%).