27-Mar-2012 12:21 PM

TransAsia Airways reports sharp profit declines in 2011

TransAsia Airways revenue up 5% – financial highlights for 12 months ended 31-Dec-2011:

  • Operating revenue: TWD8741 million (USD298.8 million), +4.6% year-on-year;
  • Operating costs: TWD7330 million (USD250.6 million), +9.4%;
  • Operating expense: TWD787.5 million (USD26.9 million), +13.0%;
  • Operating profit: TWD623.9 million (USD21.3 million), -35.0%;
  • Net profit: TWD664.0 million (USD22.7 million), -27.6%;
  • Total assets: TWD11,696 million (USD399.9 million), +9.2%;
  • Cash and cash equivalents: TWD1207 million (USD41.3 million), -8.3%;
  • Total liabilities: TWD4369 million (USD149.4 million), -13.0%.

*Based on the average conversion rate at USD1 =TWD29.2507

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