ANA Holdings posts US$454m fiscal Q1 net profit

ANA Holdings reported a net profit of JPY51b (US$453.9m) for its 2017 fiscal Q1, nearly an eightfold increase over the company’s JPY6.6b net income for its fiscal 1Q 2016. ANA Group attributed its net result to “extraordinary income from the inclusion of Peach Aviation as a consolidated subsidiary” in this fiscal year’s reporting. ANA’s consolidated revenue for the quarter was JPY451.7b, up 11.7%, as consolidated expenses came to JPY426.2b, up 9.2% YOY, resulting in JPY25.4b in consolidated operating income for the quarter, up 80.1% compared to JPY14.1b a year ago. ANA’s air transportation business segment posted JPY396.8b in revenue for the quarter, up 13.1% year-over-year, and JPY23.1b in operating income, up 83.3% YOY. <br/>
ATW
http://atwonline.com/airline-financials/ana-holdings-posts-454-million-fiscal-1q-net-profit
8/2/17
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