Hainan Airlines operating profit down 39% in 1H2012

Hainan Airlines revenue up 20% - financial highlights for six months ended 30-Jun-2012 (according to Chinese Accounting Standards):

• Total operating revenue: CNY13,891 million (USD2204 million), +20.1% year-on-year;
  • Domestic: CNY11,171 million (USD1772 million), +21.7%;
  • International and regional: CNY1581 million (USD250.9 million), +0.7%;
• Total operating costs: CNY13,634 million (USD2163 million), +24.0%;
• Operating profit: CNY487.3 million (USD77.3 million), -39.0%;
• Net profit: CNY499.0 million (USD79.2 million), -25.5%;
• Passenger numbers: 11.0 million, +14.9%;
• Passenger load factor: 83.7%, +0.1 ppt;
• Total assets: CNY82,158 million (USD13,035 million), +1.1% when compared to period as at 01-Jan-2012;
• Total liabilities: CNY67,527 million (USD10,714 million), +1.2% when compared to period as at 01-Jan-2012. [more - original PR - Chinese]

*Based on the average conversion rate at USD1 = CNY6.3027 for the period