Hainan Airlines Q1 2013 net profit up 5%

Singapore
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Hainan Airlines has reported a 4.5% increase in its attributable net profit for the first quarter of 2013 to yuan (CNY) 184 million ($29.9 million) from CNY176 million a year earlier.

Its operating income rose by 3.2% to CNY7.29 billion from CNY7.06 billion, the airline said in a Shanghai Stock Exchange filing.

Its operating costs, however, also rose by 4% to CNY5.73 billion.

Total profit was up by 2.7% to CNY239 million, while operating profit fell by 17% to CNY165 million, added the carrier.