Jazeera Airways reports double digit profit growth in 2012

Jazeera Airways revenue up 5% - financial highlights:

• Three months ended 31-Dec-2012:
  • Revenue: KWD13.9 million (USD49.4 million), +5% year-on-year;
  • Costs: KWD10.6 million (USD37.7 million), +2%;
  • Operating profit: KWD3.3 million (USD11.7 million), +18%;
  • Net profit: KWD2.5 million (USD8.9 million), +93%;
• 12 months ended 31-Dec-2012:
  • Revenue: KWD62.6 million (USD223.5 million), +8%;
  • Costs: KWD44.0 million (USD157.1 million), +2.6%;
  • Operating profit: KWD18.5 million (USD66.0 million), +25%;
  • Net profit: KWD13.9 million (USD49.6 million), +32%. [more - original PR]

*Based on the average conversion rate at USD1 = KWD0.2815 for three months ended 31-Dec-2012
*Based on the average conversion rate at USD1 = KWD0.2801 for 12 months ended 31-Dec-2012