The net profit of Aeroflot Group during 9 months of 2011 was $383,7 million in accordance with IFRS, which is 36,6% greater as compared to the same period in 2010, the airline reports. AEX.ru

The Group’s revenue has increased by 24% and reached $3,919.4 million. The revenues from transportation have increased by 19,6% to $3,266.3 million. The revenues have increased mostly due to increase of the scope of works completed by the Group.

The Group’s operating costs have increased by 28,4% to $3,455.3 million. The increase of operating costs is caused by the increase of the scope of completed works.

Following the results of 9 months of 2011 the Aeroflot Group has received an EBIT of $461,1 million.

The EBITDA was $653 million (+ 2% as compared to the 9 months of 2010). The EBITDA margin was 17%.

The main reasons for increase of net profit were the increase of scope of works and selling of shares in the subsidiaries and affiliates in the first half of 2011: Moscow insurance company (100% of registered capital), Sheremetyevo refueling enterprise (31% of registered capital), Deyt (50% of registered capital), Nordavia (100% of registered capital).

According to CEO of Aeroflot, Vitaly Savelyev, the high financial indicators obtained during 9 months of 2011 bear testament of management completing the objectives for 2011 in the area of increasing the operating efficiency of Aeroflot and its subsidiaries.