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Skymark Airlines reports surge in 1HFY2011 profits

1-Nov-2010 12:07 PM

Skymark Airlines reported the following parent-only financial highlights for the six months ended 30-Sep-2010 (Reuters, 29-Oct-2010):

  • Revenue*: USD328.9 million, +26.6% year-on-year;
  • Operating profit: USD72.7 million, +168.0%;
  • “Recurring profit”: USD67.9 million, +172.0%;
  • Net profit: USD34.0 million, +38.5%;
  • FY2011 forecast:
    • Revenue: USD697.6 million, +36.3%;
    • Operating profit: USD112.4 million, +189.5%;
    • “Recurring profit”: USD107.4 million, +194.3%;
    • Net profit: USD67.9 million, +109.3%.

*Based on the conversion rate at USD1 = JPY80.9925