(openPR) - ANA Reports Profitable First Six Months to Fiscal Year 2007
- record revenue on strong international growth
TOKYO October 31, 2007 ANA Group today reported a record consolidated net profit of 105.5 billion yen on record revenue of 763.2 billion yen for first six months of fiscal year 2007, ended September 30, a 217% and 1.4% increase respectively. Net profit was boosted considerably by the sale of ANA Group´s hotel assets on June 1 this year and is the highest ever posted at the mid-term point. Operating profit fell 2.5% to 696.1 billion yen, squeezed by the rising cost of jet fuel and the loss of income from the hotel business.
"This is a pleasing set of results for ANA Group, and demonstrates that our strategy to crate a solid financial base capable of weathering changes in the market is bearing fruit," said Tomohiro Hidema, ANA executive vice president Finance & Accounting. We posted our largest ever consolidated revenue at the mid-year point, despite losing the revenue of our hotel business which last year accounted for around 30 billion yen for the first half of the fiscal year. Furthermore, in spite of a 12 billion yen rise in costs, mainly attributable to fuel, our operating profit was only affected to the tune of 1.6 billion yen.
For detailed results, please refer to the attached explanation.
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