Hainan Airlines Group operating profit increase 51% in 1Q2018

    Hainan Airlines Group reported (27-Apr-2018) the following financial highlights for the three months ended 31-Mar-2018:

    • Total operating revue: CNY16,809 million (USD2643 million), +5.6% year-on-year;
    • Total operating costs: CNY15,464 million (USD2432 million), +13.7%;
    • Operating profit: CNY1696 million (USD266.8 million), +50.6%;
    • Net profit: CNY1371 million (USD215.6 million), +30.8%;
    • Total assets: CNY186,504 million (USD29,329 million);
    • Monetary funds: CNY25,847 million (USD4065 million);
    • Total liabilities: CNY111,529 million (USD17,539 million). [more – original PR – Chinese]

    *Based on the average conversion rate at CNY1 = USD0.157257