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Sunday, August 31, 2008

FTN - Turkish Airlines Achieves 219pct Net Profit Increase

"Turkish Airlines Achieves 219pct Net Profit Increase
Written by Ozgur Tore
Sunday, 31 August 2008
Turkish Airlines has announced its Consolidated Financial Results for the 1H 2008 period. According to its financials, THY was able to achieve 219% increase on Net Profit of $208 mn.

Although, fuel price increased by 61% which resulted additional cost of $258mn, Operating Profit increased by 25% to $267mn, net operating margin and net profit margin increased by 13% and 10% respectively."

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