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Air China net profit up 4% in 1Q2013

26-Apr-2013 11:42 AM

Air China revenue down 0.8% - consolidated financial highlights for the three months ended Mar-2013 (according to Chinese Accounting Standards):

  • Total revenue*: CNY22,719 million (USD3619.5 million), -0.8% year-on-year;
  • Total operating costs: CNY22,575.4 million (USD3596.6 million), -0.6%;
  • Profit from operations: CNY213.2 million (USD34 million), +12.6%;
  • Net profit: CNY248.6 million (USD39.6 million), +4.0%. [more – original PR]

*Based on the average conversion rate at USD1 = CNY6.2769