Cebu Pacific Group reports 25% operating profit growth in 2Q2016

Cebu Pacific Group revenue up 11% - financial highlights:

• Three months ended 30-Jun-2016:
• • Revenue: PHP16,987 million (USD365.0 million), +11.0% year-on-year;
  • • Ancillary: PHP2863 million (USD61.5 million), +15.7%;
  • Costs: PHP12,991 million (USD279.1 million), +7.4%;
  • Operating profit: PHP3996 million (USD85.9 million), +24.6%;
  • Net profit: PHP3645 million (USD78.3 million), +22.5%;
• Six months ended 30-Jun-2016:
• • Revenue: PHP33,093 million (USD705.8 million), +12.2%;
  • • Ancillary: PHP6110 million (USD130.3 million), +20.0%;
  • Costs: PHP24,879 million (USD530.6 million), +6.0%;
  • Fuel: PHP7764 million (USD165.6 million), -15.2%;
  • Operating profit: PHP8214 million (USD175.2 million), +36.1%;
  • Net profit: PHP7682 million (USD163.8 million), +47.7%;
  • Total assets: PHP94,349 million (USD2012 million);
  • Cash and cash equivalents: PHP11,383 million (USD242.8 million);
  • Total liabilities: PHP62,9224 million (USD1342 million). [more - original PR]

Cebu Pacific Group: "We are optimistic that with the support of relevant government and airport authorities, we can continue contributing to the progression of air transport services in the country," JR Mantaring, Vice President for Corporate Affairs. Source: Company statement, 15-Aug-2016.