31-Oct-2005 1:18 PM
Hainan Airlines and Shanghai Airlines report quarterly results
Analysis
SYDNEY (Centre for Asia Pacific Aviation) - Hainan Airlines reports the following financial highlights for the three months ended 30-Sep-05, based on domestic accounting standards:
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Revenue: CNY2.7 billion, +17.9% year-on-year;
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Net Profit: CNY11.9 million, -71.4%.
Shanghai Airlines reports the following financial highlights for the three months ended 30-Sep-05, based on domestic accounting standards:
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Revenue: CNY2.3 billion, +21.1% year-on-year;
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Net Profit: CNY100.8 million, -18.4%, due to rising jet fuel prices.
Nine months ended 30-Sep-05:
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Revenue: CNY5.9 billion, +23%;
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Net Profit: CNY114 million, -57%.
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