31-Oct-2011 12:13 PM

Hainan Airlines reports sharp rise in profits in 3Q2011

Hainan Airlines revenue up 28% – financial highlights for three months ended 30-Sep-2011 (according to Chinese Accounting Standards):

  • Operating revenue: USD1228 million, +28.3% year-on-year;
  • Operating costs: USD771.8 million, +27.1%;
  • Operating profit: USD292.4 million, +30.5%;
  • Net profit: USD253.1 million, +31.3%;
  • Total assets: USD12,103 million, +7.5% when compared to period ended 31-Dec-2010;
  • Total liabilities: USD9840 million, +7.6% when compared to period ended 31-Dec-2010.

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