China Eastern net profit down 39% in 2012

This story is sourced from Pro
See more Pro news »

China Eastern Airlines has reported a net profit of CNY2.81 billion ($452 million) for the full year of 2012, down by 39% from CNY4.58 billion a year earlier.

Its revenue for the period ended 31 December increased by 3.5% year on year to CNY85.3 billion, the carrier says in a Hong Kong stock exchange filing.

Total operating expenses grew by 4.3% to CNY82.7 billion, while operating profit increased by 1.3% to CNY4.23 billion, adds the SkyTeam alliance member.