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China Southern's financial results

SYDNEY (Centre for Asia Pacific Aviation) - China Southern Airlines reported the following unaudited financial highlights in the three months ended 30-Sep-05:

  • Revenue: CNY11.4 billion, +69.4% year-on-year;
  • Net Profit: CNY852 million, +309.6% - attributed to stronger demand and synergies from acquisitions of China Northern Airlines and Xinjiang Airlines.

Nine months ended 30-Sep-05:

  • Revenue: CNY29.5 billion, +64.8%;
  • Net Profit: CNY9 million, compared to CNY541 million in previous corresponding period, due to heavy 1H05 losses.

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