Solaseed Air reports strong profit growths in 1HFY2012

Solaseed Air revenue up 7% - financial highlights for six months ended 30-Sep-2012:

• Operating revenue: JPY15,181 million (USD191.3 million), +6.5% year-on-year;
• Operating costs: JPY14,046 million (USD177.0 million), +0.1%;
• Operating profit: JPY1134 million (USD14.3 million), compared to a profit of JPY218 million (USD2.7 million) in p-c-p;
• Net profit: JPY842 million (USD10.6 million), compared to a profit of JPY34 million (USD0.4 million) in p-c-p;
• Passenger numbers: 668,329, +20.0%;
• Load factor: 66.5%, +4.1 ppts;
• Total assets: JPY10,539 million (USD132.8 million), +8.8% when compared to period ended 31-Mar-2012;
• Total liabilities: JPY7243 million (USD91.3 million), +3.6% when compared to period ended 31-Mar-2012. [more - original PR - Japanese]

*Based on the average conversion rate at USD1 = JPY79.37