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Russia's Aeroflot 9-month net profit up 92 pct
February 5, 2008 / 9:25 AM / 10 years ago

Russia's Aeroflot 9-month net profit up 92 pct

MOSCOW, Feb 5 (Reuters) - Russian flag carrier Aeroflot (AFLT.MM) said on Tuesday its net profit rose 92 percent in the first nine months of 2007 to $357.3 million.

The company said in a statement revenue rose 31.9 percent to $2.8 billion, while operating expenses increased 21.9 percent to $2.3 billion.

Aeroflot Deputy General Director Mikhail Poluboyarinov said the results were helped by effective control of fuel costs, favourable market conditions and currency exchange rates.

The results are calculated under International Financial Reporting Standards (IFRS). (Writing by Maria Kiselyova; editing by Sue Thomas)

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