Aeroflot reports 1st half 2016 revenue of RUB224m

Aeroflot Group (MCX: AFLT) has published first half 2016 revenue of RUB223,824 million, an increase of 26.8 percent year-on-year, in accordance with International Financial Reporting Standards, the company said.

The company reported EBITDAR nearly doubled year-on-year to RUB 58,397 million, and the EBITDAR margin increased 7.3 percentage points (p.p.) to 26.1 percent.

EBITDA more than doubled year-on-year to RUB 30,035 million. The EBITDA margin increased by 5.9 p.p. to 13.4 percent.

Operating profit increased four-fold to RUB 23,250 million and net income totaled RUB 2,467 million.

Aeroflot Airlines is the flag carrier of the Russian Federation, operating domestic and international passenger and services from its hub at Sheremetyevo International Airport.