Learn Chinese - China Eastern sees doubled 1st-half net profits

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BIZCHINA / Center

China Eastern sees doubled 1st-half net profits

(Xinhua)
Updated: 2007-09-02 11:50

China Eastern Airlines, a leading air carrier in the country, realized
58.21 million yuan (US$7.7 million) in net profits in the first half of
this year, up 104.36 percent over the same period of last year, according
to the company's interim report.

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China Eastern Airlines realized 58.21 million yuan (US$7.7 million) in
net profits in the first half of this year, up 104.36 percent over the
same period of last year. [Xinhua]

China Eastern's revenue for the six months amounted to 18.8 billion yuan,
up 14.23 percent.

Zhang Wenyou, assistant to the company's general manager, attributed the
impressive performance to effective marketing, improved management and
stricter cost control.

The Shanghai-listed company achieved a record daily aircraft utility
ratio of 9.8 hours in the January-June period, which contributed
significantly to cost reduction and profit growth.

Meanwhile, the company cut oil consumption by 2.6 percent on average, the
interim report said.

(For more biz stories, please visit Industry Updates)

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