« Canon’s January-March net profit likely dropped 16%: report
Nippon Oil Corp takes stake in solar-cell maker Space Energy »

Virgin Blue shares tumble in Sydney on profit warning

HONG KONG (MarketWatch) — Shares of Australian airline Virgin Blue Holdings plummeted 18% in Sydney trading Monday, after the company warned Friday that its annual net profit could drop sharply. Net profit for the year ending June 30 “will not be in excess of A$140 million ($128.8 million),” excluding A$40 million in development costs, wrote Virgin Blue in a statement. In the year ended June 30, 2007, it posted a net profit of A$216 million. Shares of Toll Holdings , which owns 63% of Virgin Blue, tumbled 13.6%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by Forextvblog

This entry was posted on Sunday, April 13th, 2008 at 9:22 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Virgin Blue shares tumble in Sydney on profit warning”

  1. Forex » Virgin Blue shares tumble in Sydney on profit warning Says:
    April 13th, 2008 at 11:20 pm

    […] TopForex.info wrote an interesting post today onHere’s a quick excerptVirgin Blue shares tumble in Sydney on profit warning April 13th, 2008 HONG KONG (MarketWatch) — Shares of Australian airline Virgin Blue Holdings plummeted 18% in Sydney trading Monday, after the company warned Friday that its annual net profit could drop sharply. Net profit for the year ending June 30 “will not be in excess of A$140 million ($128.8 million),” excluding A$40 million in development costs, wrote Virgin Blue in a statement. In the year ended June 30, 2007, it posted a net pro […]

Leave a Reply