Date
21 August 2018

China Southern net profit down 7.7% in Jan-Sept, filing says

China Southern Airlines Co. Ltd. (01055.HK) said in a Hong Kong stock exchange filing on Wednesday its net profit for the nine months to September dropped 7.69 percent to 2.46 billion yuan (US$403.75 million) from a year earlier. Operating revenue for the period fell 4.43 percent to 74.42 billion yuan while basic earnings per share stood at 25 fen. In a separate filing to the Shanghai stock exchange on Wednesday, rival Hainan Airlines Co. Ltd. (600221.CN) said net profit for the nine months was up 28.44 percent at 2.18 billion yuan while revenue climbed 3 percent to 22.79 billion yuan.

– Contact HKEJ [email protected]

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