China Southern Airlines operating profit up 40% in 1Q2016

China Southern Airlines revenue up 1% - financial highlights for three months ended 31-Mar-2016;

• Total revenue: CNY27,993 million (USD4280 million), +1.0%;
• Total operating costs: CNY24,738 million (USD3782 million), -2.6%;
• Operating profit: CNY3533 million (USD540.2 million), +39.9%;
• Net profit: CNY3025 million (USD462.5 million), +36.6%;
• Total assets: CNY186,473 million (USD28,512 million);
• Cash on hand and in bank: CNY3704 million (USD566.3 million);
• Total liabilities: CNY133,845 million (USD20,465 million). [more - original PR - English/Chinese]

*Based on the average conversion rate at CNY1 = USD0.1529