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30-Aug-2013 10:14 AM

Hainan Airlines Group operating profit up 44% in 1H2013

Hainan Airlines Group revenue up 4% - financial highlights for six months ended 30-Jun-2013:

  • Revenue: CNY14,423 million (USD2310 million), +3.8% year-on-year;
    • Passenger: CNY12,864 million (USD2060 million), +5.4%;
    • Cargo: CNY438.3 million (USD70.2 million), -8.4%;
  • Operating costs: CNY11,236 million (USD1800 million), +6.8%;
  • Operating profit: CNY703.5 million (USD112.7 million), +44.3%;
  • Net profit: CNY645.2 million (USD103.3 million), +29.3%;
  • Passenger numbers: 12.5 million, +13.4%;
  • Passenger load factor: 84.6%, +0.9 ppt;
  • Total assets: CNY98,362 million (USD15,754 million);
  • Cash: CNY23,683 million (USD3793 million);
  • Total liabilities: CNY74,419 million (USD11,919 million).

*Based on the average conversion rate at USD1 = CNY6.2437

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