Air China's first-half profit fell 22.5% to CNY458 million ($57.4 million) from the CNY591 million earned in the first six months of 2005, according to press reports. Revenues climbed 17.7% to CNY19.93 billion. CA's offering on the Shanghai Stock Exchange earlier this month (ATWOnline, Aug. 2) met with an unenthusiastic response, according to Reuters, forcing the carrier to repurchase 123 million A shares. It reduced the number of shares sold by nearly 40% and said it would repurchase up to ...

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