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MarketScreener Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  Guangzhou Baiyun International Airport    600004   CNE000001DX0

GUANGZHOU BAIYUN INTERNATIONAL AIRPORT

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Guangzhou Baiyun International Airport : Ethiopian is top performing Cargo Airline by Guangzhou Airport

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02/12/2019 | 12:07pm EST

Accra, Feb. 12, GNA -Ethiopian Airlines, the Largest Aviation Group in Africa and SKYTRAX CertifiedFour Star Global Airline, has been awarded gold prize as the top performingcargo transportation airline twice in a row.

The award was handedto Ethiopian Airlines for being the first airline among top 10 cargo operatorsto the Guangzhou Baiyun International Airport.

A statement from theAirline said the Award was announced at the Customers Annual Meeting, organisedby Guangzhou Bayiun International Airport.

It said Ethiopian hadthe largest share, more than 11 per cent of the total international cargotransportation at the Airport.

Mr TewoldeGebreMariam, Group CEO of Ethiopian Airlines, said: “We are very honoured thatGuangzhou Airport has recognised us with this prestigious award."

It said EthiopianCargo and Logistics, which operates nine ultra-modern Boeing 777 Freighters,each with 100 tonnes uplift capacity, was facilitating trade flow betweenAfrica and the rest of the world, thereby contributing to the economicdevelopment of the continent.

The statement said inparticular, it was playing an important role in the success of the China OneBelt One Road Initiative by availing critical air infrastructure that wasboosting cargo export and import between Africa and China.

"I wish to thankall my colleagues at Ethiopian Cargo and Logistics for this well-deservedrecognition and encourage them to work even harder to support Africa’s economictransformation,” it said.

Ethiopian won thisaward for the second time in a row out performing competitor airlines bytransporting 38,800 tonnes of import and export cargo to and from BaiyunInternational Airport in Guangzhou in 2018 alone.

GNA

(c) 2019 Ghana News Agency (GNA) Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (CNY)
Sales 2018 7 955 M
EBIT 2018 1 699 M
Net income 2018 1 179 M
Debt 2018 4 109 M
Yield 2018 1,51%
P/E ratio 2018 21,24
P/E ratio 2019 25,76
EV / Sales 2018 3,76x
EV / Sales 2019 3,33x
Capitalization 25 763 M
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Average target price 14,6  CNY
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Jia Chen Qiu Chairman & Chief Executive Officer
Ze Huang Xie Chairman-Supervisory Board
Ming Zhen Mo Chief Financial Officer
Ke Jian Zhang Director
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