Sibir Airlines boosts net profit 22.5% in Q1; revenue up 6.6%
MOSCOW. May 17 (Interfax) - Sibir Airlines , which operates S7 Airlines, boosted net profit 22.5% in the first quarter of 2010 year-on-year to 15.817 million rubles, the company said in a statement.
Revenue rose 6.6% to 6.433 billion rubles.
Net profit in 2009 increased 780% to 553.941 million rubles on revenue of 35.968 billion rubles, 17.5% less.
Short-term loan debt increased to 2.886 billion rubles as of March 31, 2010, up from 1.286 billion rubles at the beginning of the year.
Short-term payables fell to 4.055 billion rubles from 5.152 billion rubles. Debt to contractors and suppliers amounted to 2.937 billion rubles. Long-term liabilities amounted to 7.397 billion rubles at the end of the quarter.
Short-term receivables increased to 9.632 billion rubles compared with 8.933 billion rubles at the beginning of the year.
Short-term loan debt fell to 1.286 billion rubles on January 1, 2010 from 1.815 billion rubles on January 1, 2009.
Long-term liabilities at the end of 2009 totaled 8.131 billion rubles.