China Southern revenue up 22%, operating profit up 10% in 1Q2011

China Southern Airlines revenue up 22% - financial highlights for the three months ended 31-Mar-2011 (according to Chinese Accounting Standards):

• Operating revenue: USD3108 million, +21.5% year-on-year;
• Operating costs: USD2869 million, +14.7%;
• Operating profit: USD246.7 million, +9.8%;
• Net profit: USD187.3 million, -12.9%;
• Total assets: USD16,984 million, +0.8% when compared with period ended 31-Dec-2010;
• Total liabilities: USD11,973 million, -2.5% when compared with period ended 31-Dec-2010. [more]

* Based on the conversion rate USD1 = CNY6.6