Precision Air operating profit up 13% in FY2012

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