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URGENT ¥¥¥ Australia's Qantas doubles H1 net profit to US$114 million

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(Globalpost/GlobalPost)

Australian flag carrier Qantas Airways on Thursday announced a doubling of first half net profit to Aus$111 million (US$114 million).

The result in the six months to December 31 was up 164 percent on the previous corresponding period and was in line with guidance.

Underlying profit before tax -- the airline's preferred measure of financial performance -- was Aus$223 million, up 10 percent.

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http://www.globalpost.com/dispatch/news/afp/130220/urgent-australias-qantas-doubles-h1-net-profit-us114-million