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China Southern Airlines operating profit down 23% in 3Q2012

29-Oct-2012 10:22 AM

China Southern Airlines revenue up 9% – financial highlights for three months ended 30-Sep-2012:

  • Total operating revenue: CNY29,844 million (USD4718 million), +9.4% year-on-year;
  • Total operating costs: CNY26,938 million (USD4259 million), +16.1%;
  • Operating profit: CNY3180 million (USD503 million), -22.7%;
  • Net profit: CNY2216 million (USD350 million), -29.2%;
  • Total assets: CNY143,842 million (USD22,739 million), +11.3% when compared to period commencing 01-Jan-2012;
  • Total liabilities: CY104,418 million (USD16,507 million), +14.0% when compared to period commencing 01-Jan-2012. [more – original PR - English] [more - original PR – Chinese]

*Based on the average conversion rate at USD1 = CNY6.3257 for the period