China Airlines falls into the red in 1H2012

China Airlines revenue up 3% - financial highlights for six months ended 30-Jun-2012:

• Operating revenue: TWD70,696 million (USD2392 million), +2.5% year-on-year;
• Operating costs: TWD66,346 million (USD2245 million), +3.7%;
• Operating expenses: TWD5269 million (USD178.3 million), +6.8%;
• Operating profit (loss): (TWD919.2 million) (USD31.1 million), compared to a profit of TWD42.2 million (USD1.4 million) in p-c-p;
• Net profit (loss): (TWD1040 million) (USD35.2 million), compared to a loss of TWD661.5 million (USD22.4 million) in p-c-p;
• Total assets: TWD206,262 million (USD6979 million), -1.7%;
• Cash and cash equivalents: TWD13,279 million (USD449.3 million), +13.7%;
• Total liabilities: TWD151,069 million (USD5112 million), -5.9%.

*Based on the average conversion rate at USD1 = TWD29.554 for the period