Gol's year of explosive expansion ended with record annual and quarterly profits as the Brazilian LCC posted net earnings of BRL513.2 million ($236 million) for 2005, an increase of 33.4% over the previous year's BRL384.7 million. Profit for the fourth quarter ended Dec. 31 was BRL170.6 million, a 37.6% rise over net income of BRL123.9 million in the year-ago quarter. Gol said its fourth-quarter performance "demonstrated the company's ability to grow capacity significantly while reducing ...

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