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AviChina Industry & Technology reports return to profitability in 2009

13-Apr-2010 11:20 AM

AviChina Industry & Technology Co Ltd reports (09-Apr-2010) the following financial highlight for the 12 months ended 31-Dec-2009:

  • Continuing operations:
    • Aviation revenue: USD746.8 million, +2.4% year-on-year;
    • Cost of sales: USD613.3 million, +2.0%;
    • Operating profit: USD61.2 million, +14.8%;
    • Profit from discontinued operations: USD54.4 million, compared to a loss of USD161.6 million in the previous corresponding period;
    • Net profit: USD23.6 million, compared to a loss of USD155.7 million in the previous corresponding period. [more]

*Based on the conversion rate at USD1 = CNY6.8265