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The net profit of Aeroflot Group was 7.33 billion rubles in 2013

Aeroflot announced the consolidated IFRS financial statement of Aeroflot Group for 12 months of 2013 ending December 31st 2013, the company’s press-service reports.

The net profit for 2013 reached 7 334.7 million rubles ($203,3 million (+41,9% as compared to 2012)). The revenues for 2013 amounted to 290 955,8 million rubles ($9 135.7  million  (+15%)). The traffic revenues were up 16,4% to 257 545,7 million rubles ($8 086.7 million). The fuel costs for 2013 increased by 11.2% (as compared to 2012) to 79 127,8 million rubles ($2 484,5 million). The operating costs (excluding fuel costs, staff costs and amortization) for the accounting period amounted to 133 354,0 million rubles ($4 187.2 (+9.9%)). The basic and diluted earnings per share for 2013 were both 7.6 rubles (23.9 cents (+15.2% for basic and +16.9% for diluted earnings)).

«Aeroflot is the leading Russian carrier. In 2013 Aeroflot Group exceeded the industry average rate of growth. The airline’s passenger traffic increased by 14.3%. Revenue and net income also increased. These results were driven primarily by an improved cost structure: optimization of fuel costs by means of purchasing new fuel-efficient aircraft, strong labor productivity and successful integration of subsidiary airlines», - said Vitaly Savelyev, CEO of Aeroflot.

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URL: http://www.ruaviation.com/news/2014/3/17/2225/