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Precision Air operating profit up 13% in FY2012

5-Oct-2012 3:06 PM

Precision Air revenue up 44% – financial highlights for 12 months ended 31-Mar-2012:

  • Revenue: TZS163,061 million (USD102.8 million), +43.5% year-on-year;
  • Cost of sales: TZS117,059 million (USD73.8 million), +66.9%;
  • Operating profit: TZS12,564 million (USD7.9 million), +13.0%;
  • Net profit: TZS633.8 million (USD400,000), -26.5%;
  • Passenger numbers: +24%;
  • Total assets: TZS241,420 million (USD152.2 million), +0.5%;
  • Cash and short-term deposits: TZS6619 million (USD4.2 million), -25.3%;
  • Total liabilities: TZS222,338 million (USD140.2 million), -1.3%. [more – original PR]

*Based on the average conversion rate at USD1 = TZS1585.9 for the period