Japan’s ANA nine-month net profit down 10pc

Shoaib Ur Rehman January 31, 2012

anaTOKYO: Japan’s All Nippon Airways on Tuesday said its net profit for the nine months to December fell 10.0 percent from a year earlier due to an increase in corporate taxes.

 

The carrier, which operated the maiden commercial flight of Boeing’s 787 Dreamliner late last year, said group net profit in the period was 33.8 billion yen ($443 million), down from 37.5 billion yen a year earlier.

Revenue rose 3.0 percent from the same period to 1.07 trillion yen as brisk international demand offset the impact of Japan’s March 11 quake-tsunami disaster on domestic flights.

Operating profit rose 17.3 percent to 91.1 billion yen, but ANA’s bottom line declined due to its tax payments going up by 14.6 billion yen, it said.

Sales of domestic passenger tickets were down 1.1 percent in the aftermath of the March disaster, which was followed by meltdowns at the Fukushima Daiichi nuclear plant.

But sales on international passenger services gained 12.5 percent as demand for overseas flights recovered after initially also being affected by the catastrophe, the firm said.

ANA raised its full-year operating profit forecast to 90 billion yen from 70 billion yen, while leaving its sales and net profit projections for the year to March unchanged at 1.4 trillion yen and 20 billion yen respectively.

 

Copyright AFP (Agence France-Presse), 2012

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