Loading
26-Oct-2010 11:45 AM

Shandong Airlines profits double in 3Q, FY2010 profits expected to double

Shandong Airlines revenue jump 39.2% - financial highlights for the three months ended 30-Sep-2010 (according to Chinese Accounting Standards):

  • Revenue*: USD331.6 million, +39.2% year-on-year;
  • Operating costs: USD263.7 million, +28.3%;
  • Operating profit: USD66.9 million, +113.4%;
  • Net profit: USD50.8 million, +111.3%;
  • Total assets: USD1,309 million, +7.6% when compared with the period ended 31-Dec-2009;
  • Total liabilities: USD1,109 million, +2.1%;
  • FY2010 forecast:
    • Profit: USD88.8 million to USD106.8 million, +96% to +135%;
    • Earnings per share: USD 22.23 cents to USD 26.73 cents, +96% to +135%.

*Based on the conversion rate at USD1 = CNY6.6585

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More