28-Aug-2014 11:33 AM
Hainan Airlines Group reports 77% operating profit decline in 1H2014
Hainan Airlines Group revenue up 13% - financial highlights for six months ended 30-Jun-2014:
- Revenue: CNY17,989 million (USD2929 million), +13.1% year-on-year;
- Costs: CNY14,502 million (USD2361 million), +15.3%;
- Operating profit: CNY158.3 million (USD25.8 million), -76.9%;
- Net profit: CNY482.8 million (USD78.6 million), -25.4%;
- Passenger numbers: 16.9 million, +15.7%;
- Passenger load factor: 86.2%, +0.2 ppt;
- Total assets: CNY115,300 million (USD18,770 million);
- Cash and cash equivalents: CNY24,799 million (USD4037 million);
- Total liabilities: CNY87,323 million (USD14,216 million). [more - original PR - Chinese]
*Based on the average conversion rate at USD1 = CNY6.1428