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Hainan Airlines returns to black in 2009

(Xinhua)
Updated: 2010-04-24 11:06
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BEIJING- Hainan Airlines Co Ltd, one of 皇冠体育app's major airlines, said Saturday its 2009 net profit returned to the black.

Special Coverage:
2009 Annual Reports of Listed Companies
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Its net profit last year hit 334.67 million yuan ($49.07 million) 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 皇冠体育app's Hainan Island, attributed the profit turnaround in 2009 to recovery of 皇冠体育app'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.
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