14-Nov-2013 1:30 PM
Kenya Airways returns to profitability in 1HFY2014
Kenya Airways revenue up 9% - financial highlights for six months ended 30-Sep-2013:
- Revenue: KES54,338 million (USD632.4 million), +9.0% year-on-year;
- Direct costs: KES37,265 million (USD433.7 million), -6.6%;
- Operating profit: KES1739 million (USD20.2 million), compared to a loss of KES5533 million (USD64.4 million) in p-c-p;
- Net profit: KES384 million (USD4.5 million), compared to a loss of KES4788 million (USD55.7 million) in p-c-p;
- Total assets: KES136,925 million (USD1594 million);
- Bank and cash balances: KES13,140 million (USD152.9 million);
- Total liabilities: KES105,584 million (USD1229 million). [more - original PR]
*Based on the average conversion rate at USD1 = KES85.9287
Kenya Airways: "The Board and management of Kenya Airways have remained resolute in taking actions necessary to steer the company back to profitability." Source: Company statement, 13-Nov-2013.