China Southern reports mixed profit results in 3Q2011

China Southern Airlines revenue up 18% - financial highlights for three months ended 30-Sep-2011 (according to Chinese Accounting Standards):

• Total operating revenue: USD4293 million, +17.8% year-on-year;
• Total operating costs: USD3243 million, +24.3%;
• Operating profit: USD647.3 million, -4.2%;
• Net profit: USD492.9 million, +3.0%;
• Total assets: USD19,813 million, +13.2% when compared to period ended 31-Dec-2010;
• Total liabilities: USD13,778 million, +8.1% when compared to period ended 31-Dec-2010.

*Based on the conversion rate at USD1 = CNY6.3544