Pakistan International Airlines reports operating profit in 3Q2012

Pakistan International Airlines revenue up 2% - consolidated financial highlights for three months ended 30-Sep-2012:

• Revenue: PKR31,434 million (USD332.7 million), +2.3% year-on-year;
  • Passenger: PKR24,611 million (USD260.4 million), 0.1%;
  • Room, food and beverages sales: PKR2895 million (USD30.6 million), +5.4%;
  • Cargo: PKR1918 million (USD20.3 million), +4.2%;
• Cost of sales: PKR26,268 million (USD278.0 million), -9.5%;
  • Fuel: PKR14,882 million (USD157.5 million), -6.0%;
  • Landing and handling: PKR3128 million (USD33.1 million), +7.6%;
  • Repair, maintenance and overhaul: PKR1385 million (USD14.7 million), -5.9%;
  • Labour: PKR1040 million (USD11.0 million), -48.1%;
• Operating profit: PKR600.9 million (USD6.4 million), compared to a loss of PKR5078 million (USD53.7 million) in p-c-p;
• Net profit (loss): (PKR2928 million) (USD31.0 million), compared to a loss of PKR8196 million (USD86.7 million) in p-c-p;
• Total assets: PKR196,040 million (USD2075 million), +8.9% when compared to period ended 31-Dec-2011;
• Cash and bank balances: PKR4416 million (USD46.7 million), +36.3% when compared to period ended 31-Dec-2011;
• Total liabilities: PKR270,440 million (USD2862 million), +15.2% when compared to period ended 31-Dec-2011. [more - original PR]

*Based on the average conversion rate at USD1 = PKR94.4967