EVA Air reports sharp profit declines in 2011

EVA Air revenue down 2% - financial highlights for 12 months ended 31-Dec-2011:

• Operating revenue: TWD102,192 million (USD3494 million), -2.1% year-on-year;
• Operating costs: TWD94,412 million (USD3228 million), +11.3%;
• Operating expenses: TWD7333 million (USD250.7 million), +5.2%;
• Operating profit: TWD447.6 million (USD15.3 million), -96.5%;
• Net profit: TWD209.0 million (USD7.1 million), -98.3%;
• Total assets: TWD139,246 million (USD4760 million), -5.9%;
• Cash and cash equivalents: TWD13,667 million (USD467.2 million), -3.4%;
• Total liabilities: TWD101,373 million (USD3466 million), -5.6%.

*Based on the average conversion rate at USD1 =TWD29.2507