Stephan Lichtenauer | נח סתו on Nostr: #GoodNews about #SouthAfricanAirways (#SAA): "SAA posts R252m profit This is the ...
#GoodNews about #SouthAfricanAirways (#SAA):
"SAA posts R252m profit
This is the company’s first positive bottom line in over 10 years.
South African Airways (SAA) has recorded a net profit of R252 million for the 2022/23 financial year, marking its first positive bottom line since 2012.
Group revenue soared 183%, from R2 billion to R5.7 billion, while Ebitda swung from a negative R1 billion in the previous year to R277 million. This is the first fiscal year of commercial operations since SAA exited business rescue and resumed flights in September 2021.
The airline achieved positive equity of R4.7 billion and completed its final repayment of legacy debt, leaving it debt-free. Interim CEO Professor John #Lamola said the results reflect the airline’s progress toward financial sustainability. [...]"
https://www.moneyweb.co.za/news/companies-and-deals/saa-posts-r252m-profit/
#SouthAfrica #Airlines
"SAA posts R252m profit
This is the company’s first positive bottom line in over 10 years.
South African Airways (SAA) has recorded a net profit of R252 million for the 2022/23 financial year, marking its first positive bottom line since 2012.
Group revenue soared 183%, from R2 billion to R5.7 billion, while Ebitda swung from a negative R1 billion in the previous year to R277 million. This is the first fiscal year of commercial operations since SAA exited business rescue and resumed flights in September 2021.
The airline achieved positive equity of R4.7 billion and completed its final repayment of legacy debt, leaving it debt-free. Interim CEO Professor John #Lamola said the results reflect the airline’s progress toward financial sustainability. [...]"
https://www.moneyweb.co.za/news/companies-and-deals/saa-posts-r252m-profit/
#SouthAfrica #Airlines