7 Apr 2015 18:42

Vnukovo cuts net loss 42% in 2014 to 1.06 bln rubles

MOSCOW. April 7 (Interfax) - Moscow's OJSC Vnukovo Airport cut net loss under Russian Accounting Standards (RAS) 42% year-on-year in 2014 to 1.06 billion rubles, the company said in a report.

Revenues increased 21% to 5.27 billion rubles.

Vnukovo had gross profit of 250.2 million rubles in 2014 versus loss of 594.6 million rubles the year before. Management expenses grew 4.3% to 435.95 million rubles, while loss from sales was 185.75 million rubles, down 81.5%.

The company's noncurrent liabilities totaled 12.27 billion rubles at the end of the reporting period, up from 10.88 billion rubles the previous year. Current liabilities were 2.33 billion rubles as of December 31, 2014, versus 3.22 billion rubles at the end of 2013.