China Eastern Airlines
Corporation Limited
(Registrant)
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Date
January 15,
2010
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By:
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/s/ Luo Zhuping | |
Name: Luo Zhuping | |||
Title: Company Secretary | |||
This
announcement is made by the Company pursuant to the requirements under
Rule 13.09
of the Rules Governing the Listing of Securities on The Stock Exchange of
Hong Kong
Limited.
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I.
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Estimated Results of the period:
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1.
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Period to which the estimated results apply: 1 January 2009 to 31 December 2009;
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2.
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Estimated results: the results of the Company for 2009 are expected to turn from loss into profit. | |
3.
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The estimated results have not been audited by certified auditors.
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II.
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Results for the corresponding period in the last year (1
January 2008 to
31 December 2008):
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1.
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Net profit attributable to equity holders of the Company: RMB-13,928 million;
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2.
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Earnings per share: RMB-2.86. |
III.
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Explanation:
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1.
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The reversal in fair value in the aviation fuel hedging contracts of the Company in
2009 is a reason for the recovery from loss;
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2.
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The
results of the Company for 2009 will substantially grow compared to the
same period last year, which is also attributable to certain favorable
factors, such as the recovery of the aviation industry, the decrease in
cost of fuel compared to the same period last year and the support from
state policies, and our efforts in product enhancement, market expansion,
adjustment in structure of transportation capacity and strengthening of
cost
control.
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IV.
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Other Related Matters
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The board of directors of the Company wishes to remind investors to consider the risks involved and be cautious in making investment decisions. |
By order of the board of directors
China Eastern Airlines Corporation Limited
Luo Zhuping
Director and Company Secretary
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Liu
Shaoyong
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(Chairman)
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Li
Jun
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(Vice
Chairman)
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Ma
Xulun
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(Director,
President)
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Luo
Chaogeng
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(Director)
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Luo
Zhuping
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(Director,
Company Secretary)
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Hu
Honggao
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(Independent
non-executive Director)
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Wu
Baiwang
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(Independent
non-executive Director)
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Zhou
Ruijin
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(Independent
non-executive Director)
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Xie
Rong
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(Independent
non-executive Director)
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Sandy
Ke-Yaw Liu
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(Independent
non-executive
Director)
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