Kingfisher reports USD207m loss before tax in 3QFY2013

Kingfisher reports (05-Feb-2013) financial highlights for three months ended 31-Dec-2012:

• Revenue: N/a*;
• Costs: INR4331 million (USD80.0 million), -76.0%;
  • Aircraft lease rental: INR1821 million (USD33.7 million), -33.1%;
  • Labour: INR676.5 million (USD12.5 million), -61.5%;
• Profit (loss) from ordinary activities before tax: (INR11,179 million) (USD206.6 million), compared to a loss of INR6576 million (USD121.5 million) in p-c-p;
• Profit (loss) from ordinary activities after tax: (INR7552 million) (USD139.6 million), compared to a loss of INR4443 million (USD82.1 million) in p-c-p. [more - original PR]

*The carrier did not have any operations in 3QFY2013
**Based on the average conversion rate at USD1 = INR54.1126

The carrier reported finance costs of INR4010 million (USD74.1 million) and one-time cost of INR2750 million (USD50.8 million) due to re-delivery of aircraft during the quarter.