Saratov Airlines revenue up 29% in 2015; net profit up 453%

Saratov Airlines reported (23-May-2016) the following financial highlights in the year ended 31-Dec-2015:

• Operating revenue: RUB3606.1 million (EUR53.7 million), +28.7% year-on-year;
• • Scheduled passenger services: RUB2102.7 million (EUR31.3 million), +29.1%;
  • Charter passenger services: RUB1334.5 million (EUR19.9 million), +11.5%;
  • Mail and cargo: RUB47 million (EUR700,121), -26.2%;
  • Airport services: RUB75.7 million (EUR1.1 million), +86%;
  • Other: RUB46.2 million (EUR688,246), +30.2%;
• Subsidy revenue: RUB77.1 million (EUR1.1 million), -39%;
• Operating costs: RUB3467.3 million (EUR51.7 million), +27.8%;
• • Fuel: RUB998.8 million (EUR14.9 million), +22.9%;
  • Labour: RUB563.4 million (EUR8.4 million), +5.3%;
  • Airport services: RUB528.8 million (EUR7.9 million), +37.8%;
  • Embraer leasing expenses: RUB484.7 million (EUR7.2 million), +75.1%;
  • Air navigation services: RUB110.6 million (EUR1.6 million), +5%;
  • Maintenance for Embraer and Yakovlev Yak-42 aircraft: RUB312.8 million (EUR4.7 million), +88.8%;
• Operating profit: RUB138.8 million (EUR2.1 million), +57.9%;
• Net profit: RUB92.2 million (EUR1.4 million), +452.6%;
• Total assets: RUB1156.2 million (EUR17.2 million);
• Cash and cash equivalents: RUB77.6 million (EUR1.2 million);
• Total liabilities: RUB743.4 million (EUR11.1 million).

*Based on the average conversion rate at EUR0.0149 = RUB1 [more - original PR - Russian] [more - original PR - Russian]