trending Market Intelligence /marketintelligence/en/news-insights/trending/h18dmmxikzgPfZVFK7Jpjw2 content esgSubNav
In This List

China Eastern Airlines Q3 profit climbs YOY

Podcast

Street Talk | Episode 103 - Investors worry about bank liquidity, earnings drag from underwater bonds

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Spotlight on sustainability How banks can overcome the challenges of achieving Net zero by 2050

Blog

Distressed Debt: Investment Risks and Opportunities


China Eastern Airlines Q3 profit climbs YOY

China Eastern Airlines Corp. Ltd. said its normalized net income for the third quarter amounted to 20 fen per share, a gain from 19 fen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.86 billion yuan, a gain from 2.78 billion yuan in the year-earlier period.

The normalized profit margin increased to 9.7% from 9.6% in the year-earlier period.

Total revenue climbed on an annual basis to 29.48 billion yuan from 29.08 billion yuan, and total operating expenses came to 24.53 billion yuan, compared with 24.30 billion yuan in the year-earlier period.

Reported net income grew year over year to 3.57 billion yuan, or 25 fen per share, from 3.46 billion yuan, or 24 fen per share.

As of Oct. 26, US$1 was equivalent to 6.63 yuan.