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Ryanair profits stronger than expected

5 February 2007

Ryanair posted a 30 percent jump in third-quarter net profit on Monday, confounding analyst expectations for a fall, and ramped up its full-year profit goal while predicting big fuel-cost savings for the following year.

Europe’s biggest low-cost carrier said profit after tax rose to 47.7 million euros (31.4 million pounds) in the three months to end December from 36.8 million in the same period of 2005, against analyst expectations that they would fall by over 60 percent.

source: Reuters

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