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Air China sees H1 net profit surging over 2,000 pct on higher investment income

Beijing (XFN-ASIA) - Air China (SHA 601111; HK 0753) said net

profit in the first half is expected to surge over 2,000 pct year-on-year due

to higher investment income and market demand, as well as the yuan's appreciation.

The new forecast is well over the previous projection of over 100 pct.

In the first half of 2006, the carrier had net profit of 45 mln yuan, or 0.005 yuan per share.

Air China is due to release first half financial results on Aug 29.