Aviation News
- Hainan Air net profit to rise 750%
Date: 18-Jul-2007 Sources: (Shenzhen Daily)
HAINAN Airlines, partly owned by U.S. billionaire financier George Soros, said yesterday it expected to post a 750 percent growth in net profit for the first half of 2007.
The airline company, the mainland's fourth-largest, said in a stock filing that the expected earnings surge was partly due to the appreciation of China's yuan currency as well as lower fuel prices in global markets. Hainan Airlines did not give details, but said the forecast results were unaudited.
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