China Southern Airlines sees sharp jump in 2010 profit
China Southern Airlines Co Ltd (1055.HK)(600029.SS) estimated 2010 profit would be about 15 times that of 2009 as demand for passenger and cargo transportation services soared.
In a filing with the Hong Kong bourse late on Tuesday, the Chinese airline said net profit attributable to equity holders amounted to 358 million yuan ($54 million) in 2009 in accordance with Chinese accounting standards.
China Southern Airlines said it also would report currency gains reflecting the appreciation of the yuan against the U.S. dollar. (US$1=HK$7.77)
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion
Editor's pick