Virgin Australia Posts Surge In H1 Profit

Virgin Australia Ltd

posted a surge in its first-half profit. Virgin Australia's net profit for the period climbed to A$51.8 million, versus A$23.8 million, in the year-ago period. Its underlying pre-tax profit surged 34% to A$96.1 million, versus analysts' expectations of A$63.4 million. Virgin Australia shares closed at $0.37 yesterday.