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31-Oct-2012 10:29 AM

Air China operating profit down 17% in 3Q2012

Air China revenue up 2% - financial highlights for three months ended 30-Sep-2012 (according to PRC Accounting Standards):

  • Operating revenue: CNY28,749 million (USD4545 million), +2.2% year-on-year;
  • Total operating costs: CNY24,651 million (USD3897 million), +5.5%;
  • Operating profit: CNY4485 million (USD709.0 million), -17.0%;
  • Net profit: CNY3174 million (USD501.8 million), -16.5%;
  • Total assets: CNY184,587 million (USD29,180 million), +6.5% when compared to period commencing 01-Jan-2012;
  • Cash and bank balances: CNY13,619 million (USD2153 million), -11.7% when compared to period commencing 01-Jan-2012;
  • Total liabilities: CNY131,660 million (USD20,813 million), +6.3% when compared to period commencing 01-Jan-2012. [more – original PR]

*Based on the average conversion rate at USD1 = CNY6.3257 for the period

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