OREANDA-NEWS. ANA Holdings reports its consolidated financial results for the first half of fiscal year 2013 (April-September) and its revised financial outlook for FY2013.

In the first six months of fiscal 2013 (April 1, 2013 - September 30, 2013) ANA HD achieved a 5.9% increase in operating revenues to JPN 797.6 billion year on year, which reached a record level.

However, operating expenses rose by JPN 76.4 billion yen or 11.3%, resulting in a reduction in operating income, recurring profit and net income for the period. The main reason for the increase in operating expenses was a rise in fuel costs caused by the weakening of the Japanese yen.

For the six month period, operating income was 42.5 per cent lower at JPN 43.3 billion, recurring profit fell 49.7% to JPN 31.8 billion and net income reduced by 45.7% to JPN 20 billion year-on-year.

ANA HD's financial performance in the three months to the end of September, was better than in the previous quarter, with operating revenues up by JPN 29.2 billion on the same period the previous year to JPN 439.2 billion and operating income down to JPN 48.9 billion after an increase in operating expenses of JPN 44.5 billion to JPN 390.3 billion.

ANA HD has decided that it is prudent to revise its financial forecasts for the fiscal year as a whole, taking into account its performance in the first half. Accordingly, ANA now expects operating income and recurring profit for FY 2013 to be JPN 50 billion lower than previous forecast.