Hainan Airlines reports 17% decline in operating profit in 1Q2013

Hainan Airlines revenue up 3% - financial highlights for three months ended 31-Mar-2013:

• Total operating revenue: CNY7291 million (USD1162 million), +3.2% year-on-year;
• Total operating costs: CNY5726 million (USD912.2 million), +4.0%;
• Operating profit: CNY165.4 million (USD26.4 million), -17.2%;
• Net profit: CNY183.8 million (USD29.3 million), +4.7%;
• Total assets: CNY95,353 million (USD15,191 million);
• Total liabilities: CNY71,207 million (USD11,344 million).

*Based on the average conversion rate at USD1 = CNY6.2769