China Southern net profit down 74.2% in 1Q2012

China Southern net profit down 74.2% - financial highlights for the three months ended Mar-2012 (according to Chinese Accounting Standards):

• Net profit: CNY319 million (USD50.7 million), -74.2% year-on-year;
• Total assets: CNY132,302 million (USD21,008.3 million), +2.4% when compared to period ended 31-Dec-2011. [more - original PR]

*Based on the average conversion rate at USD1 = CNY6.2976