China Southern Air posts 825 mln yuan net loss in H1, but swings to opg profit

Hong Kong (XFNews-ASIA) - China Southern Airlines Co Ltd reported a net loss of 825 mln yuan for the first half to June against a loss of 907 mln a year ago, but swung to an operating profit amid growth in revenue.

The carrier announced an operating profit of 149 mln yuan for the first half against a loss of 271 mln in the same period last year, while revenue rose 15 pct to 20.60 bln yuan from 17.84 bln a year earlier.

The net loss per share stood at 0.19 yuan, narrowing from the 0.21 loss in the first six months of 2005.

Details of the first-half performance were not immediately available.  

The company did not declare any interim dividend.

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More