17 Aug 2009 12:16
Transaero
MOSCOW. Aug 17 (Interfax) - OJSC Transaero's net profit according to Russian accounting standards (RAS) for the first half of 2009 went down by 85% to 16.7 million rubles, the company said in its financial reporting.
The company's sales revenue went up by 7.5% to 16.5 billion rubles.
Transaero's financial results for H1 2009/2008 in thousands of rubles:
| Result | H1 2009 | H1 2008 |
| Sales revenue | 16 542 795 | 15 385 479 |
| Working costs | 13 327 459 | 13 664 392 |
| Gross profit | 3 215 336 | 1 721 087 |
| Commercial expenditures | 411 784 | 390 144 |
| Profit from sales | 1 836 376 | 577 113 |
| Other revenue | 1 298 048 | 563 082 |
| Pretax profit | 52 538 | 154 394 |
| Net profit | 16 747 | 112 235 |
In January-June 2009 the company reduced passenger transport by 5.6% to 1.95 million persons.
For 2008, the company increased RAS net profit by 7% to 109 million rubles while sales revenue went up by 82.4% to 37.4 billion rubles.