Hainan Airlines net profit up 28% in Q3

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Hainan Airlines has reported a 28% increase in its attributable net profit for the third quarter of 2013 to yuan (CNY) 1.54 billion ($253 million) from CNY1.2 billion a year earlier.

The carrier’s operating revenue for the quarter grew by 1.6% to CNY8.36 billion, it said in a filing on the Shanghai Stock Exchange.

Its operating profit went up by 30% to CNY1.75 billion, while total profit rose by 29% to CNY1.91 billion.

For the nine months to 30 September, Hainan Airlines’ attributable net profit rose by 28% to CNY2.18 billion from CNY1.7 billion a year earlier.

Operating revenue was up by 3% to CNY22.7 billion, while operating profit increased by 34% to CNY2.45 billion. Total profit rose by 27% to CNY2.74 billion, it adds.