Market Overview

Qantas Posts Rise In H1 Profit

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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.

Posted-In: profitEarnings News

 

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