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StarFlyer falls into the red in 1HFY2013, lowers full year guidance to a loss

4-Nov-2013 10:16 AM

StarFlyer revenue up 28% – financial highlights for six months ended 30-Sep-2013:

  • Operating revenue: JPY16,025 million (USD162.1 million), +28.0% year-on-year;
  • Operating costs: JPY16,240 million (USD164.3 million), +46.8%;
  • Operating profit (loss): (JPY1437 million) (USD14.5 million), compared to a profit of JPY369.1 million (USD3.7 million) in p-c-p;
  • Net profit (loss): (JPY1319 million) (USD13.3 million), compared to a profit of JPY172.0 million (USD1.7 million) in p-c-p;
  • Total assets: JPY17,898 million (USD181.1 million);
  • Cash and cash on hand: JPY1933 million (USD19.6 million);
  • Total liabilities: JPY14,425 million (USD145.9 million);
  • FY2013 forecast:
  • Operating revenue: JPY33,700 million (USD341.0 million), -2% compared to previous forecast;
  • Operating profit (loss): (JPY2040 million (USD20.6 million), compared to previous forecast of JPY190 (USD1.9 million) profit;
  • Net profit (loss): (JPY1740 million) (USD17.6 million), compared to previous forecast of JPY510 million (USD5.2 million) profit. [more - original PR - Japanese]

The carrier attributes the lower profit guidance to increased competition and increased maintenance costs.