China Southern profit plunges on forex, fuel costs
By Wang Ying in Shanghai | China Daily | Updated: 2012-08-29 08:04
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A China Southern Airlines Co Ltd aircraft takes off from Sanya Phoenix International Airport in Hainan province. Shi Yan / for China Daily |
China Southern Airlines Co Ltd said on Monday that its net profit dropped 83.70 percent to 449 million yuan ($70.66 million) in the first half compared with the same period last year due largely to rising fuel costs and shrinking foreign exchange gains.
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