Wow! What a surprising report from AA, a big jump profit for AA this quarter Q2 2012 with not only >100% but >1000% (i.e. 1046%) as compared with same quarter 2011.
Actually nothing to be so excited after reading their quarter report. The operating profit drop a bit as compared with last year same quarter. The main gain is from disposal of Thai AirAsia. That's contributed extra earning about RM 1.16 billion.
AA's net gearing drop to 1.1 from 1.26 (March 2012), but it's still consider high. Their debt quite high if compared with cash flow.
AA's net gearing drop to 1.1 from 1.26 (March 2012), but it's still consider high. Their debt quite high if compared with cash flow.
More from Bursa:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1049089
News:
AirAsia Q2 revenue rises to RM1.18b
Airasia 2Q net profit soars to RM1.19 billion
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