Sheremetyevo reports 44.2% revenue decrease in fisrt half of 2020

SIA JSC, the operator of Sheremetyevo International Airport, recorded revenues of ROB 10.355 million for the first half of 2020, a decrease of 44.2% compared to the same period in 2019. Aviation activities declined by 47.6%, while non-aviation activities declined 39.1%. Income from concessions decreased by 18.9%. The growth in cost of sales was 19.8%, associated with an increase in maintenance and amortization costs of the new Terminal C and concession facilities. Gross income for the first six months was 3,050 million rubles, 75.5% lower than for the same period in 2019. The decrease in revenue and negative exchange rate changes were the major factors that led to a net loss of RUB 1.w million rubles through June.