Air China net profit down 35% in 2012

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Air China has reported a net profit of yuan (CNY) 4.63 billion ($745 million) for the full year of 2012, down by 34.5% from CNY7.08 billion a year earlier.

Total revenue rose by 2.5% to CNY101 billion in 2012, compared with CNY98.4 billion in the previous year, the carrier says in a Hong Kong stock exchange filing.

Operating profit rose by 31.2% to CNY8.2 billion, up from CNY6.25 billion, while operating expenses remained flat at CNY92.6 billion.