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13-May-2013 11:15 AM

Thai Airways reports double-digit profit growth in 1Q2013

Thai Airways revenue up 12% – financial highlights for three months ended 31-Mar-2013:

  • Total revenue: THB63,271 million (USD2122 million), +11.8% year-on-year;
    • Passenger and excess baggage: THB47,552 million (USD1595 million), +5.8%;
    • Cargo: THB6071 million (USD203.6 million), -9.7%;
  • Total costs: THB55,239 million (USD1852 million), +7.9%;
    • Fuel: THB20,314 million (USD681.1 million), -0.1%;
    • Labour: THB8381 million (USD281.0 million), +18.1%;
  • Profit before tax: THB14,103 million (USD472.9 million), +15.9%;
  • Net profit: THB8283 million (USD277.7 million), +58.6%;
  • Total assets: THB307,657 million (USD10,316 million), +1.2% when compared to period ended 31-Dec-2012;
  • Cash and cash equivalents: THB18,633 million (USD624.8 million), -7.1% when compared to period ended 31-Dec-2012;
  • Total liabilities: THB230,261 million (USD7721 million), -1.7% when compared to period ended 31-Dec-2012.

*Based on the average conversion rate at USD1 = THB29.8227

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