Qantas Posts Rise In H1 Profit
Qantas Airways (OTC: QUBSF) reported a strong rise in its first-half profit.
Qantas' net profit for the six months surged to 111 million Australian dollars (US$113.9 million), versus A$42 million, in the year-ago period.
Its underlying pre-tax profit climbed 10% to A$223 million. The company had earlier expected underlying pre-tax profit of A$180 million to A$230 million.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.