Cebu Pacific reports strong profit growth in 2Q2014

Cebu Pacific revenue up 34% - financial highlights:

• Three months ended 30-Jun-2014:
• • Revenue: PHP14,953 million (USD336.1 million), +33.7% year-on-year;
  • • Ancillary: PHP2192 million (USD49.3 million), +27.4%;
  • Costs: PHP12,503 million (USD281.1 million), +29.4%;
  • Operating profit: PHP2449 million (USD55.1 million), +60.9%;
  • Net profit: PHP3014 million (USD67.7 million), +1071%;
• Six months ended 30-Jun-2014:
• • Revenue: PHP26,717 million (USD600.6 million), +23.0%;
  • • Ancillary: PHP4428 million (USD99.5 million), +25.7%;
  • Costs: PHP23,755 million (USD534.0 million), +25.8%;
  • Operating profit: PHP2962 million (USD66.6 million), +4.2%;
  • Net profit: PHP3178 million (USD71.4 million), +125%;
  • Total assets: PHP74,393 million (USD1672 million);
  • Cash and cash equivalents: PHP7673 million (USD172.5 million);
  • Total liabilities: PHP50,134 million (USD1127 million). [more - original PR][more - CAPA Analysis]

*Based on the average conversion rate at USD1 = PHP44.4833