News Column

Southern Airlines H1 Loss Estimated at CNY900mn to CNY 1.1bn

July 14, 2014

GUANGZHOU, July 14, SinoCast -- China Southern Airlines (SHSE: 600029) expected net loss attributable to shareholders of CNY 900 million to CNY 1.1 billion in the first half of 2014, compared to net profit of CNY 302 million and basic EPS of CNY 0.03 a year ago.

It mainly attributed the loss to factors including domestic economic slowdown and exchange loss from renminbi depreciation in the period.

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Source: Sinocast Transportation Beat (China)

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