 Air China Projected Profit Increase
RNS Number:8075A
Air China Ld
25 July 2007
AIR CHINA LIMITED
(a joint stock limited company incorporated in the People's Republic of China
with limited liability)
(Stock Code: 753)
Overseas Regulatory Announcement
Announcement of Projected Profit Increase
in 2007 Interim Results
I. Projected results during the current period
1. Results covering period: 1 January 2007 to 30 June 2007
2. Projection of results: in the First Quarterly Report 2007 of the
Company, the net profit at the end of next reporting period was predicted to
increase significantly by more than 100% as compared with the corresponding
period of last year. According to preliminary calculation by the finance
department of the Company, it is projected that the interim net profit of the
Company for 2007 will increase by more than 2000% as compared with the
corresponding period of last year.
3. These projected results have not been audited by certified public
accountants.
II. Results in the corresponding period of last year
1. Net profit: RMB45,000,000 (before adjustment in accordance with the new
2006 Enterprises Accounting Standards)
2. Earnings per share: RMB0.005 (calculated based on the share capital of
the Company of 9,433,210,909 shares as of 30 June 2006)
III. Main reasons for improvement of results
During the first half of 2007, the Company recorded a substantial increase in
the operating profits due to such factors as the growth in market demand, the
continuous appreciation of Reminbi and the increase of investment gain. The
Company predicts that its interim net profit for 2007 will increase by more than
2000% as compared with the corresponding period of last year.
IV. Other Relevant Explanation
The specific figures of the above results prediction are subject to those as
disclosed in the Company's interim report for 2007.
Due to the fact that the Company completed its A share offering on the Shanghai
Stock Exchange in August 2006 and a private placement of H shares to Cathay
Pacific Limited in September 2006, the share capital of the Company has been
increased from 9,433,210,909 shares as of 30 June 2006 to 12,251,362,273 shares
as of to date. |
MARKET TALK/HK: Air China Likely +100n Debut - SHKR
2004/12/14 17:10
[Contact Us: Hong Kong (852) 2802-7002]
1600 [Dow Jones] IPO WATCH: Air China expected to open at least 10% above IPO price of HK$2.98 on debut tomorrow, says SHK Research's analyst Gary Zhang. 'Primarily based in Beijing, Air China's growth will be well supported by Beijing Airport's strong passenger growth before 2008, when the Olympic Games will be held in Beijing'; 12-month target price HK$3.60 (RWC) |
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