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China Eastern reports 5% decline in 3Q2011 operating profit

31-Oct-2011 12:17 PM

China Eastern Airlines revenue up 12% – financial highlights for three months ended 30-Sep-2011 (according to Chinese Accounting Standards):

  • Total revenue: USD3848 million, +12.0% year-on-year;
  • Total operating costs: USD3347 million, +13.6%;
  • Operating profit: USD503.5 million, -4.6%;
  • Net profit: USD520.6 million, +4.9%;
  • Total assets: USD17,694 million, +11.5% when compared to period ended 31-Dec-2010;
  • Total liabilities: USD14,045 million, +6.0% when compared to period ended 31-Dec-2010. [more – original PR]

*Based on the conversion rate at USD1 = CNY6.3544