28-Oct-2010 12:01 PM
China Southern revenue surges 45% in 3Q
China Southern Airlines revenue surges 45% - financial highlights for the three months ended 30-Sep-2010 (according to Chinese Accounting Standards):
- Operating revenue*: USD3,465 million, +45% year-on-year;
- Profit before tax: USD654.4 million, +1,132%;
- Net profit: USD455.1 million, +970.8%;
- Nine months ended 30-Sep-2010:
- Operating cash flow: USD1,406 million, +4.0%;
- Total assets: USD16,179 million, +14.1% when compared to period ended 31-Dec-2009;
- Cash: USD1,217 million, +87% when compared to period ended 31-Dec-2009 due to increase in revenue;
*Based on the conversion rate at USD1 = CNY6.682