Skywest revenue up 19%, profits also surge in FY2010

Skywest Airlines revenue up 19% - financial highlights for the 12 months ended 30-Jun-2010:

• Revenue*: USD152.9 million, +19% year-on-year;
• Cost of sales: USD94.1 million, +11.2%;
• Profit before tax: USD10.1 million, +177.3%;
• Net profit: USD6.7 million, +190%;
• Total assets: USD91.6 million, +32.2%;
• Cash and cash equivalents: USD9.2 million, +41.0%;
• Total liabilities: USD49.3 million, +48.7%;
• Operating cash flow: USD21.4 million, +177.6%. [more]

*Based on the average conversion rate at USD1 = SGD1.40756 during the reporting period