Malaysia Airlines losses narrow in 2Q2012

Malaysia Airlines revenue down 6% - financial highlights:

• Three months ended 30-Jun-2012:
  • Operating revenue: MYR3217 million (USD1038 million), -6.0% year-on-year;
  • Operating costs: MYR3403 million (USD1098 million), -13.2%;
  • Operating profit (loss): (MYR101.9 million) (USD32.9 million), compared to a loss of MYR442.8 million (USD142.9 million) in p-c-p;
  • Net profit (loss): (MYR349.2 million) (USD112.7 million), compared to a loss of MYR526.7 million (USD169.9 million) in p-c-p;
• Six months ended 30-Jun-2012:
  • Operating revenue: MYR6282 million (USD2027 million), -4.2%;
  • Operating costs: MYR6825 million (USD2202 million), -8.4%;
  • Operating profit (loss): (MYR408.8 million) (USD131.9 million), compared to a loss of MYR783.4 million (USD252.7 million) in p-c-p;
  • Net profit (loss): (MYR521.0 million) (USD168.1 million), compared to a loss of MYR769.0 million (USD248.1 million) in p-c-p;
  • Total assets: MYR15,333 million (USD4947 million), +22.7% when compared to period ended 31-Dec-2011;
  • Cash and bank balances: MYR1980 million (USD638.7 million), +95.2% when compared to period ended 31-Dec-2011;
  • Total liabilities: MYR13,825 million (USD4460 million), +20.8% when compared to period ended 31-Dec-2011. [more - original PR]

*Based on the average conversion rate at USD1 = MYR3.0996 for the period