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29-Aug-2012 10:53 AM

Shandong Airlines 1H2012 operating profit halved

Shandong Airlines revenue up 17% – financial highlights for six months ended 30-Jun-2012:

  • Revenue: CNY5072 million (USD804.8 million), +17.3% year-on-year;
    • Domestic: CNY4858 million (USD770.8 million), +17.3%;
    • International: CNY63.3 million (USD10.0 million), +0.8%;
    • Regional: CNY94.4 million (USD15.0 million), +40.9%;
  • Total operating costs: CNY4858 million (USD770.8 million), +25.7%;
  • Operating profit: CNY224.3 million (USD35.6 million), -51.5%;
  • Net profit: CNY191.0 million (USD30.3 million), -46.1%;
  • Total assets: CNY10,505 million (USD355.5 million), +7.5%;
  • Monetary funds: CNY346.4 million (USD11.7 million), +39.6%;
  • Total liabilities: CNY8425 million (USD285.1 million), +9.1%.

*Based on the average conversion rate at USD1 = CNY6.3027 for the period

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