Exchange losses affect a number of airlines in the first half net profit is expected to improve in t clonecd

Influence of exchange rate losses Airlines net profit in the first half of the second half of the year is expected to improve Sina App: Live on-line blogger to listen to expert guidance on forest stock Jiepan election Niugu tournament Sina Finance News August 31st news, recently several airlines announced the 2016 interim report, many companies showed a decline in net profit. The main reason is from the exchange loss. According to the Chinese Air China announced the interim results report, the first half of this year, operating income of 53 billion 524 million yuan, an increase of 4.64%; net profit attributable to shareholders of listed companies of about 3 billion 458 million yuan, down 12.45% during the reporting period, Chinese air operating costs 41 billion 160 million yuan, higher than 2.56%, the fuel cost of 9 billion 727 million yuan, down 19.34%; and the impact of exchange rate fluctuations, China air exchange occurred loss of 1 billion 698 million yuan, but the main profit situation is good, still achieved a net profit of 3 billion 458 million yuan. Net profit due to foreign exchange losses also include China Southern Airlines, China Eastern Airlines, etc.. According to the interim results released report, China Eastern Airlines, China Southern Airlines net profit attributable to shareholders of Listed Companies in the first half of this year was 3 billion 233 million yuan, respectively, $3 billion 111 million, down by 9.29%, respectively. According to the CEA interim report, the first half of 2016, the company’s financial costs 2 billion 795 million yuan, 1 billion 173 million yuan a year earlier, an increase of 138.28%, mainly due to the appreciation of the dollar, net foreign exchange loss caused by an increase of 1 billion 299 million yuan. China Southern news also showed that the company’s financial expenses last year, an increase of 1 billion 194 million yuan from $130.82% to $2 billion 756 million, mainly due to the devaluation of the RMB against the U.S. dollar and other major foreign currencies. In addition, including Hainan airlines, Spring Airlines, etc., in the first half of this year is also affected by this, the former financial expenses grew by 43.91%, which increased by $36.17% in financial expenses. Fluctuations in the foreign exchange market, the general manager of the Ministry of finance, said Xiao Feng Bo: on the one hand to optimize the debt structure, and constantly reduce the cost of foreign exchange risk. We gradually reduce the proportion of dollar debt, by the end of 2015 to 73.48% to the end of June 2016 58.69%. Secondly, asset management is concerned, the same ticket sales or marketing in foreign countries is not the same as in China, in the past when a stronger yuan, to take over the overseas ticket sold in the country, weakening the RMB to a certain extent now, can go abroad to sell the tickets." He said that at present China air travel passengers are actively increasing, it will increase the dollar, reducing exchange rate fluctuations. And he believes that the second half of the exchange loss will be much smaller than last year. (Sina Finance Xu Zhang Lei) Sina statement: sina.com.cn posted this article for more information to pass, does not mean that agree with their views or confirm the description. This article is for reference only and does not constitute investment advice. Investors operate accordingly, the risk of their own. Enter the Sina financial stocks] discussion相关的主题文章: