AVIC International Holdings Limited Reports Audited Consolidated Earnings Results for the Full Year Ended December 31, 2016; Provides Capital Expenditure Guidance for the Year Ending December 31, 2017
March 12, 2017 at 06:22 am EDT
AVIC International Holdings Limited reported audited consolidated earnings results for the full year ended December 31, 2016. For the year, the company reported revenue of RMB 33,007,917,000 against RMB 34,350,511,000 a year ago. Operating profit was RMB 1,827,268,000 compared to RMB 1,304,237,000 a year ago. Profit before income tax was RMB 1,797,896,000 against RMB 1,555,792,000 a year ago. Profit for the year from continuing operations was RMB 1,287,972,000 or RMB 0.4096 per diluted share compared to RMB 1,683,491,000 or RMB 0.3758 per diluted share a year ago. Profit attributable to owners of the company was RMB 806,066,000 or RMB 0.4096 per diluted share against RMB 1,683,491,000 or RMB 0.6214 per diluted share a year ago. Net cash generated from operating activities was RMB 2,170,645,000 against RMB 4,730,913,000 a year ago. Purchase of property, plant and equipment was RMB 745,896,000 compared to RMB 997,609,000 a year ago. Purchase of intangible assets was RMB 136,612,000 compared to RMB 19,955,000 a year ago.
For the year ending December 31, 2017, capital expenditure of the group amounted to RMB 7,685,972,000.