Shenzhen Airport profits up in 1Q2012

China's Shenzhen Airport revenue up 8% - financial highlights for three months ended 31-Mar-2012 (according to Chinese Accounting Standards):

• Revenue: CNY530.5 million (USD84.2 million), +7.8% year-on-year;
• Operating profit: CNY240.9 million (USD38.2 million), +5.0%;
• Net profit: CNY183.4 million (USD29.1 million), +5.9%;
• Total assets: CNY9329 million (USD1481 million), +1.8% when compared to period at 01-Jan-2012;
• Total liabilities: CNY2282 million (USD362.4 million), -0.9% when compared to period at 01-Jan-2012.

*Based on the average conversion rate at USD1 - CNY6.2976 for the period