2-Aug-2012 9:58 AM
Skymark Airlines reports sharp operating profit decline in 1QFY2013, FY2013 profits to increase
Skymark Airlines revenue up 19% - financial highlights for three months ended 30-Jun-2012:
- Operating revenue: JPY19,155 million (USD239.1 million), +18.8% year-on-year;
- Operating costs: JPY18,213 million (USD227.3 million), +36.4%;
- Operating profit: JPY56 million (USD699,039), -97.2%;
- Net profit (loss): (JPY1050 million) (USD13.1 million), compared to a profit of JPY824 million (USD10.3 million) in p-c-p;
- Total assets: JPY65,601 million (USD818.9 million), -3.2% when compared to period ended 31-Mar-2012;
- Cash on hand and in banks: JPY20,855 million (USD260.3 million), -32.0% when compared to period ended 31-Mar-2012;
- Total liabilities: JPY23,708 million (USD295.9 million), -4.6% when compared to period ended 31-Mar-2012;
- FY2013 forecast:
- Operating revenue: JPY100,000 million (USD1248 million), +24.6%;
- Operating profit: JPY15,800 million (USD197.2 million), +3.4%;
- Net profit: JPY8800 million (USD109.8 million), +14.2%.
*Based on the average conversion rate at USD1 = JPY80.11 for the period