CNAC Posts Loss But Says Outlook Is Positive
Hong Kong-based China National Aviation Corp. (CNAC), a government-backed shareholder in Air Macau and Dragonair, posted a HK$18.75 million loss (US$2.4 million) for the year ended Dec. 31. The company reported a HK$317.42 million profit in 2002. The loss was attributed to last year's travel...
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