The sale of its hotel assets last June catapulted ANA Group to a record ¥64.1 billion ($616 million) net profit for the fiscal year ended March 31, a period in which most other indicators were approximately level and operating profit fell. The company reported a ¥32.6 billion profit in the prior fiscal year. It credited "a strong performance by airlines within the group" for offsetting the lost hotel revenue (ATWOnline, April 16, 2007). Group turnover slipped just 0.1% to ...

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