CONSENSUS: Analysts foresee 97% plunge in Aeroflot IFRS net profits for H1
MOSCOW. Sept 4 (Interfax) - Investment company and bank analysts surveyed by Interfax predict that OJSC Aeroflot - Russian Airlines will report a 97% year-on-year drop to $11 million in net profits to International Financial Reporting Standards (IFRS) for the first half of this year.
Russia's flagship airlines made $376.8 million in IFRS net profits for the first half of last year.
The consensus forecast for Aeroflot's EBITDA (earnings before interest, taxes, depreciation, and amortization) is that it could be down 32% at $224 million for H1. But the analysts anticipate a 48% increase in sales revenues to $3.485 billion.
Aeroflot plans to release its H1 IFRS financial report on September 5.
| $ mln | Sales revenue | EBITDA | Net profit |
| Deutsche Bank | 3549 | 194 | 11 |
| Uralsib Capital | 3546 | 220 | 20 |
| Aton | 3483 | 198 | 4 |
| Renaissance Capital | 3342 | 224 | 5 |
| Region | 3554 | 346 | 18 |
| Metropol | 3371 | 196 | -39* |
| Alfa-Bank | 3554 | 192 | 6 |
| Consensus | 3485 | 224 | 11 |
| H1 2011 | 2344 | 330 | 376 |
| Change, % | +48 | -32 | -97 |
* In calculation of consensus, figure not considered.