vested
30 Apr, 2015
AIR CHINA (00753.HK) 1Q net profit jumps 17x to RMB1.675B
AIR CHINA (00753.HK) announced its fist quarter results ended 31 March 2015. In accordance with China Accounting Standards of Business Enterprises, it recorded an operating revenue of RMB25.261 billion, up 3.5% year-on-year.
The net profit surged by 17 times to RMB1.675 billion. That was mainly attributable to the year-on-year increase in revenue as a result of optimized operational arrangement and increased capacity deployment as well as the effective cost control and the year-on-year decrease in aviation fuel cost. EPS equaled 14 fen.
Source: AAStocks Financial News