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BIZCHINA> Top Biz News
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Air China shares rise on H1 profits boost
(Xinhua)
Updated: 2009-08-26 14:48 Shares of Air China Ltd closed higher Wednesday morning after the company reported more than doubled first-half-year profit from a year earlier late Tuesday. Air China ended 6.25 percent higher to 7.65 yuan in the Wednesday morning session on the Shanghai Stock Exchange.
The carrier attributed the fast growth to fuel hedging gains which helped offset weaker demand on international routes and lower fuel costs which fell 42.5 percent from a year earlier. (For more biz stories, please visit Industries)
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