AVIC reports 18.8% increase in 2011 net profit

The Aviation Industry Corp. of China(AVIC) reported a net profit of CNY12.2 billion ($1.94 billion) in 2011, up 18.8% over a net income of CNY10.3 billion in 2010. Operating revenue increased 23% to CNY258.1 billion, according to AVIC GM Lin Zuoming. Industry analysts said the “successful...

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