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SIA: Group financial performance for first half 2011-12

Milan, Italy - High fuel prices drive profit down 62%

The Group made a net profit of $ 239 million of Singapore in the first half of the 2011-12 financial year. This was $394 million (-62%) lower than the same period a year ago, principally on account of high fuel costs. Operating profit declined to $134 million, $462 million (-78%) lower than the first half of the previous financial year. Group revenue grew $180 million (+3%) to $7,277 million, supported...

fra/pec - 1135298

AVIONEWS - World Aeronautical Press Agency
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