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Shandong Airlines Co reported a profit last year due to increased travel demand and a stronger yuan.
Net income totaled 44 million yuan (US$5.7 million), or 0.11 yuan a share in 2006, compared with a 2005 loss of 274 million yuan, or 0.68 yuan, the company told the Shenzhen Stock Exchange. Sales rose 45 percent to 4.2 billion yuan. Levies helped airlines cover higher fuel costs and a 3.3 percent appreciation in the yuan reduced the value of their dollar-denominated debt. |
