Aeroflot posts first half 2016 IFRS financial results

Aeroflot Group published its condensed consolidated interim financial statements for the six months ended 30 June 2016, in accordance with International Financial Reporting Standards. Revenue reached RUB223,824m, up 26.8% year-on-year, EBITDAR nearly doubled year-on-year to RUB 58,397m. The EBITDAR margin increased 7.3 percentage points (p.p.) to 26.1%; EBITDA more than doubled year-on-year to RUB30,035m. The EBITDA margin increased by 5.9 p.p. to 13.4%; Operating profit increased four-fold to RUB23,250m; net income totalled RUB 2,467m. (US$1.00=RUB65.78 at time of publication)