Comair reports USD52m operating profit in FY2018, up 5%

Comair (South Africa) reported (18-Sep-2018) the following financial highlights for 12 months ended 30-Jun-2018:

• Revenue: ZAR6537 million (USD509.7 million), +7.8% year-on-year;
  • Airline: ZAR6208 million (USD484.1 million), +7.1%;
• Operating costs: ZAR5413 million (USD422.1 million), +8.3%;
• Depreciation and amortisation: ZAR443.2 million (USD34.6 million), -2.9%;
• Operating profit: ZAR670.6 million (USD52.3 million), +5.1%;
• Profit before tax: ZAR471.2 million (USD36.7 million), +8.4%;
• Net profit: ZAR325.6 million (USD25.4 million), +9.6%;
• Total assets: ZAR6624 million (USD516.5 million);
• Total liabilities: ZAR4844 million (USD377.7 million). [more - original PR] [more - original PR - II]

*Based on the average conversion rate at ZAR1 = USD0.077978