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Hainan Airlines expects 1H2010 net profit to increase 100%

26-Jul-2010 12:25 PM

Hainan Airlines announced (24-Jul-2010) it expects net profit to increase by 100% year-on-year to CNY175 million (USD25.6 million), equivalent to CNY0.051 per share, in 1H2010. The carrier attributes the result to notable recovery in the air transport market, particularly the domestic market, and the Hainan Provincial Government’s drive to promote Hainan as an “international tourism island”.