Aeroflot grow by more than 5% after the release of the company’s reporting under IFRS

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Shares of “Aeroflot” on mosbirzhe Wednesday grow by more than 5% after reporting under IFRS, news about dividends and about that “Aeroflot” can take on some of the flights of the bankrupt “Saratov airlines”.
Index Mosberg while at 17.40 Moscow time has decreased on 0,24%.
Net loss of Aeroflot group according to IFRS in the first quarter of 2018 grew 2.2 times yoy and amounted to 11,543 billion. Despite the fairly weak indicators, market participants assessed the statements as positive for the company as it gradually reduces its debt. In addition, as a positive signal for the stock was perceived by the decision of the Board of Directors of “Aeroflot” to recommend that dividends for 2017 in the amount of 50% of the net profit in the amount of 12,805 per share.
In addition, after the airline “Saratov airlines” has lost the certificate of the operator and said that suspending its flights, “Aeroflot” has declared readiness to carry two extra flights of this airline.
It can be expected that on the background of positive news for Aeroflot, the company’s shares could rise another 2%.
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Ivan Marchena,
Analyst
GK Forex Club