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PUBLISHED : Monday, 27 August, 2012, 12:00am
UPDATED : Monday, 27 August, 2012, 5:05am

Dip in first-half profit at Citic Resources

Citic Resources Holdings, the energy and metals arm of state-backed conglomerate Citic Group, reported that first-half profit fell 42 per cent, after last year's income for the same period was boosted by the sale of a stake in MacArthur Coal. Net income fell to HK$228.1 million in the six months to June from HK$393 million in the same period a year earlier. The drop comes after the 2011 sale of the company's stake in MacArthur and its reduction of interest in the Codrilla Deposit mine in Australia. Bloomberg

Anhui Expressway earnings fall 13 per cent

Anhui Expressway reported a 13 per cent year-on-year drop in net profit to 391 million yuan (HK$478.46 million) in the first half on lower traffic on some of its toll roads. Sales decreased 11.7 per cent to 1.36 billion yuan. Earnings per share dropped 13 per cent to 23.58 fen. No dividend was declared. Charlotte So

Jetstar recruits pilots, pending CAD approval

Jetstar Hong Kong, the budget airline joint-venture between China Eastern Airlines and Qantas Group, has started hiring pilots as it aims to become the first Hong Kong-based budget carrier. The carrier, which is still waiting for approval of the air operators certificate application by the Civil Aviation Department, is recruiting up to 50 captains and first officers to operate its fleet of new Airbus 320s from next year. Charlotte So

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