24-Apr-2014 10:04 AM
AVIC International reports operating profit in 1Q2014, net loss narrows
AVIC International revenue down 4% - financial highlights for three months ended 31-Mar-2014:
- Revenue: CNY5967 million (USD975.4 million), -3.9%;
- Operating costs: CNY4861 million (USD794.6 million), -7.8%;
- Operating profit: CNY62.3 million (USD10.2 million), compared to a loss of CNY8.9 million (USD1.5 million) in p-c-p;
- Net profit (loss): (CNY30.9 million) (USD5.1 million), compared to a loss of CN55.1 million (USD9.0 million) in p-c-p.
*Based on the average conversion rate at USD1 = CNY6.1177