Aeroflot boosts first half revenue by 32.6%

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Aeroflot has increased revenue for the first half of 2012 by 32.6% compared with the same period last year, bringing the figure to 76.9 billion rubles ($2.37 billion).

Net profit fell 11.2% year-on-year to 5.9 billion rubles, though the Russian carrier says its H1 2011 net profit had been higher due to the sale of some non-core assets.

Gross profit and profit before tax totalled 13.2 billion rubles and 7.6 billion rubles respectively.

Aeroflot witnessed a 28.4% increase in the cost of goods and services sold during the first half - totalling 63.7 billion rubles - which it attributes to increased volumes.

Total assets increased by 15.4% to reach 112 billion rubles, while long-term liabilities fell to 5.6 billion rubles. Current liabilities are 52.2 billion rubles.