28 Sep 2012 13:57

UTair Group IFRS net profits plunge 60% in H1

MOSCOW. Sept 28 (Interfax) - UTair Group (RTS-TMAT) saw its net profits to International Financial Reporting Standards (IFRS) drop 60% year-on-year to 267.539 million rubles in the first half, company materials show.

Pretax profits were down 49% at 435.936 million rubles, while overall combined profits were down 52% at 282.284 million rubles.

Sales revenues, however, were up 40% at 31.259 billion rubles.