2 Aug 2010 17:43
UTair almost halves H1 net profit
MOSCOW. Aug 2 (Interfax) - Utair saw net profit to Russian Accounting Standards (RAS) plummet 46.4% to 115.81 million rubles in H1 2010, the airline said in a statement.
Sales revenue grew 19.2% year-on-year in the half to 17.589 billion rubles.
Utair financial highlights for H1 2010 ('000 rubles):
| H1 2010 | H1 2009 | |
| Sales revenue | 17 589 340 | 14 751 546 |
| Cost of sales | -17 176 166 | -13 517 587 |
| Gross profit | 413 174 | 1 233 959 |
| Operating profit | 413 174 | 1 233 959 |
| Net profit | 115 810 | 226 631 |
The company's short-term accounts payable rose from 5.269 billion rubles on January 1 to 7.519 billion on July 1. Short-term accounts payable increased from 17.316 billion rubles to 18.057 billion.