Wednesday May 23, 2012

JAPAN NEWS AND DISCUSSION

ANA's profit plunges by 92.4%

Business Aug. 01, 2008 - 04:30AM JST ( 3 )

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BovinusAug. 01, 2008 - 12:29PM JST

A 90% drop in profit seems high but we need a historical perspective or a graph to understand what this really means.

If a company makes 100 yen profit one year and then a 1 yen profit the next, that's a 99% profit drop. Likewise if they make 1 yen one year and 10 000 yen the next, that's a 1 000 000% increase.

I know the numbers are bigger in this case but a 92.4% fall would have more meaning if we could also see a graph of the last 10 years profit.
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dontpanicAug. 01, 2008 - 05:26PM JST

I think if youre really interested a graph and a P&L account might be useful. For most of us though, the message is clear, ANA have had a collapse in profits and will be clenching for a while. Keep your eye out for some serious cost cutting.
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rajakumarAug. 03, 2008 - 09:03PM JST

All Nippon airways under income fall. Good many investors can buy ANA shares at lower price.