1time Holdings reports USD5.8 million net profit for FY2009: Middle East Africa/Peanuts share wrap

1time Holdings' shares were flat yesterday as the airline reported a net profit of USD5.8 million for the 12 months ended 31-Dec-2009, compared with a loss of USD1.3 million in the previous corresponding period. The company also reported a 3,029% year-on-year rise in operating profits, to USD11.8 million for the year, while the LCC operation reported a 306% rise in operating profit, to USD19.4 million.