Hainan Meilan International Airport Company profits up 1% in 1H2012

China's Hainan Meilan International Airport Company revenue up 23% - financial highlights for six months ended 30-Jun-2012:

• Total revenue: CNY354.6 million (USD56.3 million), +22.7% year-on-year;
  • Aeronautical: CNY203.0 million (USD32.2 million), +6.0%;
  • Non-aeronautical: CNY151.6 million (USD24.1 million), +55.5%;
• Operating profit: CNY182.9 million (USD29.0 million), +1.2%;
• Net profit: CNY156.5 million (USD24.8 million), +0.9%;
• Passenger numbers: 5.5 million, +8.2%;
• Cargo volume: 93,624 tons, +6.2%;
• Aircraft movements: 44,066, +5.8%;
• Total assets: CNY3816 million (USD605.5 million), 33.7% when compared to period ended 31-Dec-2011;
• Cash at bank and on hand: CNY1150 million), +213% when compared to period ended 31-Dec-2011;
• Total liabilities: CNY1441 million (USD228.6 million), +125% when compared to period ended 31-Dec-2011. [more - original PR]

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

Hainan Meilan International Airport Company: "The Group therefore considers that the international and domestic routes of Haikou Meilan International Airport will run smoothly and achieve the targets set for major indicators including passenger throughput in the second half of 2012." Source: Company statement, 23-Aug-2012.