China's Hainan Airlines returns to black in 2009

11:28, April 24, 2010      

Email | Print | Subscribe | Comments | Forum 

Hainan Airlines Co., Ltd, one of China's major airlines, said Saturday its 2009 net profit returned to the black.

Its net profit last year hit 334.67 million yuan (49.07 million U.S. dollars) compared with 1.41 billion yuan loss in 2008, the company said in a statement filed to the Shanghai Stock Exchange.

Earnings per share stood at 0.09 yuan last year, compared with 0.4 yuan loss in 2008.

The company, based in south China's Hainan Island, attributed the profit turnaround in 2009 to recovery of China's civil aviation industry and the government's supportive policies.

Hainan Airlines mulls expanding its business by taking the chances of the national project to build Hainan into a top international tourist resort and the global economic recovery.

Source: Xinhua

(Editor:祁澍文)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based eastday.com reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion