Air China Turns To Profit In Q1 On Revenue Growth
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Air China Limited reported a profit of RMB1.71 billion in Q1, reversing last year's loss of RMB2.04 billion, driven by an 11.3% revenue increase to RMB44.54 billion. Earnings per share improved to RMB0.10 from a loss of RMB0.12. Total profit reached RMB1.90 billion, compared to a loss of RMB2.45 billion a year ago. Despite this positive performance, shares closed down 1.47% at HK$4.690.
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