31-Oct-2013 10:34 AM

China Southern Airlines operating profit down 14% in 3Q2013

China Southern Airlines revenue down 5% – financial highlights for three months ended 30-Sep-2013 (according to Chinese Accounting Standards):

  • Operating revenue: CNY28,420 million (USD4610 million), -4.8% year-on-year;
  • Operating costs: CNY25,927 million (USD4205 million), -3.8%;
  • Operating profit: CNY2734 million (USD443 million), -14.0%;
  • Net profit: CNY2158 million (USD350 million), -2.6%;
  • Total assets: CNY163,190 million (USD26,469 million);
  • Total liabilities: CNY120,484 million (USD19,542 million). [more - original PR]

*Based on the average conversion rate at USD1 = CNY6.1654