Beijing Airport issues profit warning
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Beijing Capital International Airport has issued a statement warning of poor financial performance in the first half of 2008.
“It is expected that the unaudited net profit of the company for the six months ended 30 June 08 may decrease significantly as compared with the unaudited net profit for the six months ended 30 June 07,” the statement read. It attributes the decline to flight restrictions, weakening demand, flight cancellations and higher operating costs. Source: CAPA.
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