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The announcement distributed by directnews. The issuer is solely responsible for the content of this announcement. direct/All Nippon Airways Co Ld: 3rd Quarter Results ANA Achieves Third Quarter Profit On Cost-Cutting and International Demand TOKYO, January 31, 2005 - ANA Group today reported a consolidated net profit of ¥5.1 billion on revenue of ¥323 billion for the third quarter (October 1 - December 31, 2004) of the 2005 fiscal year. Operating profit was ¥21.3 billion, and recurring profit was ¥12.2 billion. This is ANA Group´s sixth consecutive quarter of profitable operations Compared with the same quarter of the previous fiscal year, revenue and operating profit were up by 3.2% and 30%, respectively. The growth in operating profit can be attributed to improvements in unit price, strong demand for international business travel and the success of the Three-Year Cost Reduction plan, whose target savings of ¥30 billion per year was accomplished within its second year, ie, the current fiscal year. Net profit was down 25% year-on-year, affected by ¥4.5 billion in extraordinary costs mainly arising from the move to the new Terminal 2 at Tokyo Haneda Airport in December and sales of company housing. Nevertheless, looking at the nine-month period March 1 - December 31, 2004, net profit for the first three quarters of the year was up 27.6% to ¥35 billion, operating profit was up 162.6% to ¥81.1 billion on revenues of ¥982.5 billion, which is in turn a 6.6% increase on the previous nine-month period. Recurring profit was also up 148.4% at ¥65.3 billion. "I believe we can say with conviction that we are well on the way to achieving one of our corporate goals, which is the establishment of a robust foundation able to maintain profitability within volatile market conditions. We are still seeing little growth in domestic travel demand, crude-oil prices remain at unprecedented levels, and this difficult operating environment is likely to continue for the foreseeable future," said ANA Senior Vice President Financial, Tomohiro Hidema. "Nevertheless, we have undergone and continue to undergo restructuring and cost saving initiatives, while maintaining efforts to secure increased revenues. We have just posted our sixth quarter of profitable operations and expect to be on track for the whole fiscal year." The five ANA Group airlines* transported a total of 36.9 million passengers - 33.8 million domestic, 3.1 million international - over 43.6 billion Revenue Passenger Kilometres (RPK) for the nine-month period. This breaks down to 29.1 billion domestic and 14.5 billion international RPKs. Overall, passenger numbers were up 1%, with international passenger numbers rising 27.8% year-on-year. Domestic passenger numbers stayed almost the same as the previous year - showing only a .7% point decrease - despite a 4.4% cut in capacity. ANA Group Airlines carried 502,000 tons of cargo, an increase of 5%, with strong demand on both international and domestic services. As a result of the favorable results for the period under review, ANA Group will revise its profit forecast upward for the entire fiscal year. A comparison of the original forecast and the new forecast follows: Attachment to the press release: Revised Financial Forecast for Fiscal 2004, ended March 31, 2005 Unit: billion yen http://www.directnews.de/servlets/LoadBinaryServlet/537517/attachment_to_PM_31012005.pdf *ANA, ANK, Air Japan, A-net, Air Hokkaido Kontaktinformationen: Contact: Rob Henderson ANA Public Relations r.henderson@ana.co.jp http://www.ana.co.jp/eng/aboutana/corporate/ir/index_sm.html
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