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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

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