Thai Airways International reports double-digit profit decline in 3Q2012

Thai Airways International revenue up 5% - financial highlights for three months ended 30-Sep-2012:

• Total revenue: THB52,431 million (USD1674 million), +4.9% year-on-year;
• Total costs: THB50,519 million (USD1613 million, +6.6%;
  • Fuel: THB19,139 million (USD611.0 million, -4.4%;
  • Labour: THB7505 million (USD239.6 million), +16.0%;
• Profit before tax: THB1912 million (USD61.0 million), -26.2%;
• Net profit: THB1750 million (USD55.9 million), -28.5%;
• Total assets: THB291,553 million (USD9307 million), +6.2% when compared to period ended 31-Dec-2011;
• Cash and cash equivalents: THB18,237 million (USD582.2 million), +9.4% when compared to period ended 31-Dec-2011;
• Total liabilities: THB223,692 million (USD7141 million), +6.0% when compared to period ended 31-Dec-2011.

*Based on the average conversion rate at USD1 = THB31.3266