Skymark Airlines operating profit almost halved in nine months to Dec-2012; downgrades FY guidance

Skymark Airlines revenue up 12% - financial highlights for nine months ended 31-Dec-2012:

• Revenue: JPY65,758 million (USD822.2 million), +12.1% year-on-year;
• Costs: JPY56,763 million (USD709.7 million), +28.6%;
  • Fuel: +33.9%;
• Operating profit: JPY6287 million (USD78.6 million), -47.9%;
• Net profit: JPY4107 million (USD51.4 million), -25.8%;
• Passenger numbers: +11.6%;
• Total assets: JPY72,074 million (USD901.2 million), +6.4% when compared to period ended 31-Mar-2012;
• Cash on hand and in banks: JPY24,349 million (USD304.4 million), -20.6% when compared to period ended 31-Mar-2012;
• Total liabilities: JPY24,954 million (USD312.0 million), +0.4% when compared to period ended 31-Mar-2012;
• FY2013 forecast:
  • Revenue: JPY85,700 million (USD1072 million), -6.0% when compared to previous guidance;
  • Operating profit: JPY4900 million (USD61.3 million), -56.6%;
  • Net profit: JPY3500 million (USD43.8 million), -41.7%. [more - original PR - Japanese]

*Based on the average conversion rate at USD1 = JPY79.98