Xian Aircraft Corporation net profit more than triples in H1

Singapore
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Xian Aircraft Corporation's (XAC) net profit more than tripled in the first half of 2012, compared with a year earlier.

Its net profit for the period ended 30 June rose to CNY52.2 million ($8.2 million) from last year's CNY13.8 million, the firm said in a Shanghai stock exchange filing.

XAC's total revenue climbed by 36.3% to CNY4.47 billion, while total operating costs rose by 36% to CNY4.45 billion.

Total profit tripled from CNY14.6 million to CNY46.8 million and operating profit also tripled to CNY45 million from CNY14.3 million, XAC added.