Ethiopian Airlines operating profit up 154% in FY2012

Ethiopian Airlines revenue up 37% - financial highlights for 12 months ended 30-Jun-2012:

• Total revenue: ETB33,815 million (USD1952 million), +36.6% year-on-year;
• • Passenger: ETB25,885 million (USD1494 million), +36.3%;
  • Cargo: ETB4540 million (USD262.1 million), +46.6%;
• Total costs: ETB32,766 million (USD1892 million), +34.6%;
• Operating profit: ETB1049 million (USD60.6 million), +154%;
• Net profit: ETB734 million (USD42.4 million), -40.4%;
• Passenger traffic (RPKs): +23%;
• Load factor: 72.2%, +0.7 ppt;
• Total assets: ETB26,368 million (USD1522 million);
• Cash and bank balances: ETB2772 million (USD160.0 million). [more - original PR]

*Based on the average conversion rate at USD1 = ETB17.3218