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17-May-2012 12:11 PM

Pakistan International Airlines remains in the red in 1Q2012

Pakistan International Airlines up 2% – financial highlights for three months ended 31-Mar-2012:

  • Revenue: PKR28,689 million (USD319.0 million), +2.1% year-on-year;
    • Passenger: PKR23,988 million (USD266.7 million), +3.4%;
    • Cargo: PKR1348 million (USD15.0 million), -3.1%;
  • Cost of services: PKR29,933 million (USD332.8 million), +10.0%;
    • Fuel: PKR15,146 million (USD168.4 million), +15.6%;
    • Labour: PKR4503 million (USD50.1 million), +26.1%;
  • Profit (loss) from operations: (PKR4893 million) (USD54.4 million), compared to a loss of PKR1511 million (USD16.8 million) in p-c-p;
  • Net profit (loss): (PKR7909 million) (USD87.9 million), compared to a loss of PKR4290 million (USD47.7 million) in p-c-p;
  • Total assets: PKR186,963 million (USD2079 million), +3.8% when compared to period ended 31-Dec-2011;
  • Cash and balances: PKR3600 million (USD40.0 million), +11.1% when compared to period ended 31-Dec-2011;
  • Total liabilities: PKR247,770 million (USD2755 million), +5.5% when compared to period ended 31-Dec-2011. [more – original PR]

*Based on the average conversion rate at USD1 = PKR89.9408

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