Air Astana expects $6 million profit in 2005

The profit of Air Astana CJSC is expected to reach $6 million in 2005, said Lloyd Paxton, president of the company today at a press conference here in Almaty.

The company's profit totaled $11.7 million after taxation in 2004 and $11.7 in 2003. Following the results of 2004, the operating income totaled $206.748 million, operating expenses - $187.904 million.

Currently, the fixed capital of the company is estimated $13.3 million, current assets - $45 million, net wealth - $27 490 million, share capital - $17 million.

Air Astana has transferred into the stated budget over $30 million (4.2 billion tenge) of taxes within the last three years, Lloyd Paxton noted.

The shareholders of Air Astana are government of the Republic of Kazakhstan (51%), BAE Systems Ltd. (49%).

Translated by Nataliya Shirinskikh