Japan's ANA posts $8.55 mn first-quarter net profit

Japan's All Nippon Airways (ANA) on Friday posted a net profit of 668 million yen ($8.55 million) in its fiscal first quarter to June, reversing a year-earlier loss.

The carrier's sales rose 12.5 percent from a year ago to 343.19 billion yen as travel demand and the Japanese economy continued its recovery from last year's quake-tsunami disaster.

In the first quarter last year, ANA logged a group operating loss of 8.1 billion yen amid tumbling passenger numbers in the aftermath of the March 11 disasters and meltdowns at the Fukushima Daiichi nuclear plant.

Cost cutting and a recovery in international travel demand helped the nation's second-largest airline post a record operating profit of $1.2 billion in the fiscal year ended in March.

In its latest quarter, ANA said international flight sales rose more than 20 percent on year.

"Travel demand for international passengers as well as visits to Japan, which were badly damaged by the disaster last year, steadily recovered," the company said in a statement.

Rival Japan Airlines, the once-bankrupt carrier that is planning to re-list on the Tokyo exchange next month, said Thursday that its April-June quarter net profit had more than doubled to 26.9 billion yen.

 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.26490.00+0.07%
    USDSGD=X
    1.63990.01+0.31%
    EURSGD=X
    1.90990.00+0.01%
    GBPSGD=X
    80.3502-0.35-0.43%
    SGDJPY=X
    6.1371-0.00-0.07%
    SGDHKD=X
    2.3990-0.00-0.07%
    SGDMYR=X
    7,731.83690.09+0.00%
    SGDIDR=X
    4.8489-0.01-0.12%
    SGDCNY=X
    1.2224-0.01-0.75%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,383.20-8.60-0.62%
    GCM13.CMX
    22.38-0.13-0.57%
    SIN13.CMX
    101.85
    ^XAU
    3.30-0.00-0.02%
    HGN13.CMX
    94.18-0.07-0.07%
    CLN13.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    0.89
    ^FVX
    2.02
    ^TNX
    3.20
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    1.925-0.26-11.70%
    C52.SI
    0.11-0.00-1.79%
    5RJ.SI
    0.196-0.00-0.51%
    I26.SI
    0.115-0.00-4.17%
    5HC.SI
    0.1350.01+3.85%
    5GC.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.1520.02+13.43%
    N6H.SI
    0.5250.05+10.53%
    S48.SI
    0.230.02+9.52%
    543.SI
    0.1860.01+7.51%
    Z75.SI
    0.160.01+6.67%
    H20.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.102-0.03-24.44%
    O57.SI
    0.104-0.02-14.05%
    S71.SI
    0.149-0.02-11.83%
    A59.SI
    0.09-0.01-11.76%
    5HW.SI
    1.925-0.26-11.70%
    C52.SI