Skymark reports sharp profit increases in nine months to 31-Dec-2011

Skymark revenue up 42% - financial highlights for nine months ended 31-Dec-2011 (according to Japanese Accounting Standards):

• Operating revenue: USD757.2 million, +42.4% year-on-year;
• Costs: USD569.6 million, +44.6%;
• Gross profit: USD187.5 million, +36.3%;
• Operating profit: USD155.7 million, +38.9%;
• "Recurring profit": USD144.0 million, +36.9%;
• Net profit: USD71.4 million, +40.2%;
• Total assets: USD794.9 million, +64.8% when compared to period ended 31-Mar-2011;
• Cash on hand and in banks: USD380.9 million, +79.8% when compared to period ended 31-Mar-2011;
• Total liabilities: USD270.0 million, +4.6% when compared to period ended 31-Mar-2011.

*Based on the conversion rate at USD1 = JPY77.4692

The carrier stated its forecast for FY2012 ending 31-Mar-2012 remains unchanged, as follows:

• Revenue: USD1065 million;
• Operating profit: USD221.2 million;
• "Recurring profit": USD208.2 million;
• Net profit: USD114.5 million, +14.3%.

*Based on the conversion rate at USD1 = JPY76.8375