Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Garuda Numbers Soar
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Garuda Numbers Soar

Garuda Indonesia Reports Higher Revenues and Lower Losses for Q1 2011.


Bali News: Indonesia, Garuda Indonesia, Emirsyah Satar, revenues, profits, dividends
Click Image to Enlarge

(4/30/2011)

Detikfinance.com reports the Garuda Indonesia enjoyed a rousing start to the 2011 achieving an income of Rp. 5.189 trillion (US$565.5 million) for Q1 2011, 49% more than the Rp. 3.486 trillion (US$287.3 million) income booked in Q1 2010. The strong sales figures by the Indonesian national carrier were revealed by the CEO of Garuda, Emirsyah Satar at a shareholder's meeting held in Jakarta on Friday, April 29, 2011.

The improved revenues translated into a 28% decline in operating losses in Q1 2011 as compared to the same period one year before. Garuda's operating loss in Q1 2011 totaled Rp. 258 billion (US$28.6 million). Emirsyah said: "Every first quarter cycle there is always a loss. But this year it's 28% less than last year. " At the same time Emirsyah refused to share results for the net profit of the company for Q1 2011, saying this information will be contained in a formal report from the Indonesian Stock Exchange.

The total number of passengers carried by Garuda in the first three months of 2011 was 3.67 million, an increase of 42% over Q1 2010.

Meanwhile, the productivity of the airline as measured by "availability seat kilometer (ASK)" has also improved by 40% to 5.2 billion "seat kilometer." ASK is the sum or the total seats available multiplied by the distance flown during the subject period. "Thus, our passenger yield has improved 71.7%," said Emirsyah.

During the shareholder's meeting the net profit of Garuda for calendar 2010 was reported at Rp. 515,521 billion (US$57.3 million). The 2010 profit will be used to compensate losses incurred in preceding years and, as such, no shareholder's dividend will be distributed by Garuda at this time.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Indonesian Made Grills Considered the World’s Best BBQ
American Expat Dennis Linkletter Runs Company Making What is widely Considered the World’s Best BBQ Grill and Smoker in Bali
(8/21/2017)
Films on the Beach at Nusa Dua
Saturday Night at the Movies on the Beach at Ayodya Resort Bali with ‘Rocky Horror Picture Show’ - August 26th and M*A*S*H - September 2, 2017
(8/20/2017)
One Dead when Bus Plunges into National Park
One Dies in Inter-Provincial Bus Accident Near Bali Port of Gilimanuk
(8/20/2017)
Hyping the News on Property
‘The Australian’ Writing on Booming Bali Real Estate Market Dangerously Misleads Foreigners Looking to Purchase Property in Bali
(8/20/2017)
On the Beach an Orchestra’s Playing
Padma Resort Ubud and Padma Resort Legian Present the Jakarta Concert Orchestra September 2nd and 3rd 2017
(8/20/2017)
Marching for Country, Island, and Community
Sanur Community Stage Independence Day Torch-lit Parade to Protest Benoa Bay Reclamation
(8/20/2017)
Seeking to be of Service to India
Bali Discovery Now Represented in the Indian Market by Eazee Connect Respz in Mumbai
(8/20/2017)
A Recipe for Brat-Worse
Prosecutors Seeking Sentence Review and Harsher Sentence for Son of Bali Legislator Convicted of Murder
(8/20/2017)
Eliminating Dirty Cops
Bali Chief of Police Urges Execution on Site of Policemen Found Involved in Narcotics Trade
(8/20/2017)
Oh, Yes, Calcutta
Bali to Calcutta Flights by AirAsia Confirmed to Start on October 1, 2017
(8/20/2017)
Register to Swim, Run, and Cycle in Bali
Herbalife Bali International Triathlon Returns to Bali October 15, 2017
(8/20/2017)
Sekali Merdeka! Tetap Merdeka!
Passengers at Bali’s Airport Included in Indonesian Independence Day Celebrations on August 17-18, 2017
(8/20/2017)
All [News]!