Airlines PNG reports loss in 1H2010, on track to achieving full-year profit

Airlines PNG revenue up 35% - financial highlights for the six months ended 30-Jun-2010:

• Revenue*: USD35.2 million, +35% year-on-year;
• Costs: n/a, +15.7%;
• Profit (loss): (USD2.2 million), n/a;
• Debt equity ratio: 62%;
• Loan value ratio: 51%;Debt: USD27.5 million;
• FY2010 forecast:
  • Revenue: USD84.6 million. [more]

*Based on the conversion rate at USD1 = PGK2.71887