AVIC Aircraft posts CNY252m in net profit for 2012

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AVIC Aircraft, formerly known as Xian Aircraft International, has posted an attributable net profit of CNY252 million ($40.7 million), more than double the CNY108 million a year ago.

Its total operating revenue rose by 76% to CNY15.6 billion, while its operating profit more than doubled to CNY225 million, the company said in a Shenzhen stock exchange filing.

Total profit for the year climbed by 81% to CNY299 million, it added.

AVIC Aircraft is an airframer that manufactures aircraft parts and ground equipment.