21-Oct-2010 11:18 AM

Skymark Airlines upgrades FY2011 profit forecast

Skymark Airlines upgraded its parent-only financial forecast for the year ending 31-Mar-2011, with net profit now expected to double to JPY5,500 million (USD67.8 million), on the back of strong sales (Reuters, 20-Oct-2010). Details include:

  • Sales: Upgraded from USD628.8 million to USD696.6 million;
  • Operating profit: From USD56.7 million to USD112.2 million;
  • “Recurring profit”: From USD55.5 million to USD107.3 million;
  • Net profit: From USD30.8 million, to USD67.8 million.

*Based on the conversion rate at USD1 = JPY81.1028