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China Southern may report Q1 loss

China Southern, based in Guangdong province, reported a 2013 net profit of 1.99 billion yuan last month, trailing the average estimate of 2.38 billion yuan - PHOTO: REUTERS

[HONG KONG] China Southern Airlines Co, the nation's third-largest carrier, estimated a loss in the first quarter, compared with a profit in the same period last year, as a weaker yuan caused foreign-exchange losses. The airline expects to report a loss of 300 million yuan (S$60 million) to 350