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Turkish Airlines reports mixed profits in 3Q2012

5-Dec-2012 3:46 PM

Turkish Airlines revenue up 21% - financial highlights for three months ended 30-Sep-2012:

  • Revenue: TRY4480 million (EUR1986 million), +20.9% year-on-year;
    • Passenger: TRY4088 million (EUR1812 million), +27.2%;
    • Cargo: TRY297.5 million (EUR131.8 million), +9.6%;
  • Cost of sales: TRY3012 million (EUR1335 million), +2.8%;
    • Fuel: TRY1339 million (EUR593.5 million), +6.7%;
    • Labour: TRY465.8 million (EUR206.4 million), +5.0%;
  • Operating profit: TRY1044 million (EUR462.9 million), +205%;
  • Net profit: TRY636.9 million (EUR282.3 million), -9.5%;
  • Total assets: TRY18,530 million (EUR8212 million), +13.0% when compared to period ended 31-Dec-2011;
  • Cash and cash equivalents: TRY2150 million (EUR952.8 million), +38.7% when compared to period ended 31-Dec-2011;
  • Total liabilities: TRY13,391 million (EUR5935 million), +12.5% when compared to period ended 31-Dec-2011. [more - original PR]

*Based on the average conversion rate at EUR1 = TRY2.2563