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Virgin Australia H1 Profit Drops 56%

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Virgin Australia Holdings (OTC: VBHLF) reported a 56% drop in its first-half net profit.

Virgin Australia's net profit for the six months declined to 23.0 million Australian dollars (US$23.6 million), versus A$51.8 million, in the year-ago period.

Its underlying pre-tax profit dropped to A$61.0 million from A$96.1 million, versus analysts' estimates of A$65 million.

Posted-In: profitEarnings News

 

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