POSITIVE PROFIT ALERT

RNS Number : 5073K

Air China Ld

17 April 2015

 



Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Air China Limited 

POSITIVE PROFIT ALERT
OF THE RESULTS FOR THE FIRST QUARTER OF 2015

This announcement is made by Air China Limited (the "Company") pursuant to Rule 13.09 and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).

I. ESTIMATED RESULTS FOR THE PERIOD

1. Period of the estimated results: 1 January 2015 to 31 March 2015

2. Estimated results:

According to the preliminary estimation of the Company in accordance with the China Accounting Standards for Business Enterprises, the net profit attributable to equity holders of the Company for the first quarter of 2015 is expected to be between RMB1.6 billion and RMB1.8 billion.

3. The estimated results were not audited.

II. RESULTS FOR THE CORRESPONDING PERIOD IN 2014

1. Net profit attributable to equity holders of the Company: RMB93 million

2. Earnings per share: RMB0.01

III. MAJOR REASONS FOR ESTIMATED INCREASE IN THE RESULTS FOR THE PERIOD

In the first quarter of 2015, in terms of revenue, the Company seized the opportunity of growth in the transportation market during and after the Spring Festival, optimised operational arrangements and increased capacity deployment to meet market demand, achieving a year-on-year increase in revenues. In terms of costs, the Company continued to exploit its potentials in cost reduction through measures including enhancing production efficiency, optimising aircraft model and route structures, and strengthening refined management, coupled with the significant decrease in the price of aviation fuel, which enabled the Company to effectively reduce costs in the first quarter year-on-year.

IV. OTHER MATTERS

The estimated results above are only preliminary figures, and the specific and accurate financial figures of the Company will be officially disclosed in the 2015 first quarterly report of the Company. Investors are reminded to consider the risks involved in making investment decisions.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Air China Limited

Rao Xinyu         Tam Shuit Mui

Joint Company Secretaries

Beijing, the PRC, 16 April 2015

As at the date of this announcement, the directors of the Company are Mr. Cai Jianjiang, Ms. Wang Yinxiang, Mr. Cao Jianxiong, Mr. Feng Gang, Mr. John Robert Slosar, Mr. Ian Sai Cheung Shiu, Mr. Song Zhiyong, Mr. Fan Cheng, Mr. Fu Yang*, Mr. Yang Yuzhong*, Mr. Pan Xiaojiang* and Mr. Simon To Chi Keung*

*Independent non-executive Director of the Company

 

END

 

 

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