Kingfisher reports deep losses in 1QFY2013

Kingfisher revenue down 84% - financial highlights for three months ended 30-Jun-2012:

• Operating revenue: INR3014 million (USD55.6 million), -84.2% year-on-year;
• Total costs: INR5980 million (USD110.4 million), -70.4%;
  • Fuel: INR2328 million (USD43.0 million), -72.5%;
  • Labour: INR588.8 million (USD10.9 million), -66.1%;
  • Aircraft lease rental: INR570.2 million (USD10.5 million), -76.9%;
• Operating profit (loss): (INR2040 million) (USD37.7 million), compared to a loss of INR4290 million (USD79.2 million) in p-c-p;
• Profit (loss) before tax: (INR9633 million) (USD177.8 million), compared to a loss of INR3901 million (USD72.0 million) n p-c-p;
• Profit (loss) after tax: (INR6508 million) (USD120.1 million), compared to a loss of INR2635 million (USD48.7 million) in p-c-p. [more - original PR]

*Based on the average conversion rate at USD1 = INR54.1701 for the period