TransAsia Airways reports USD2.8m operating loss in 2Q2013

TransAsia Airways revenue up 22% - financial highlights:

• Three months ended 30-Jun-2013:
• • Total operating revenue: TWD3026 million (USD102.0 million), +22.1% year-on-year;
  • Total operating costs: TWD2832 million (USD95.4 million), +32.4%;
  • Operating profit (loss): (TWD81.8 million) (USD2.8 million), compared to a profit of TWD75.4 million (USD2.5 million) in p-c-p;
  • Net profit (loss): (TWD56.8 million) (USD1.9 million), compared to a profit of TWD47.6 million (USD1.6 million) in p-c-p;
• Six months ended 30-Jun-2013:
• • Total operating revenue: TWD5772 million (USD194.5 million), +20.7%;
  • Operating costs: TWD5487 million (USD1848.9 million), +29.3%;
  • Operating profit (loss): (TWD254.3 million) (USD8.5 million), compared to a profit of TWD57.9 million (USD2.0 million) in p-c-p;
  • Net profit (loss): (TWD186.3 million) (USD6.3 million), compared to a loss of TWD53.4 million (USD1.8 million) in p-c-p;
  • Total assets: TWD18,533 million (USD624.4 million);
  • Cash and cash equivalents: TWD1108 million (USD37.3 million);
  • Total liabilities: TWD11,469 million (USD386.4 million).

*Based on the average conversion rate at USD1 = TWD29.6829