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China Southern reports mixed profit results in 3Q2011

28-Oct-2011 11:31 AM

China Southern Airlines revenue up 18% – financial highlights for three months ended 30-Sep-2011 (according to Chinese Accounting Standards):

  • Total operating revenue: USD4293 million, +17.8% year-on-year;
  • Total operating costs: USD3243 million, +24.3%;
  • Operating profit: USD647.3 million, -4.2%;
  • Net profit: USD492.9 million, +3.0%;
  • Total assets: USD19,813 million, +13.2% when compared to period ended 31-Dec-2010;
  • Total liabilities: USD13,778 million, +8.1% when compared to period ended 31-Dec-2010.

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