ANA cites terrorism, strong yen and earthquakes as Q1 profit tumbles 20.7%
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Tokyo
THE parent company of Japan's All Nippon Airways on Wednesday cited "terrorist incidents" in Europe and earthquakes at home for helping to drag its April-June net profit down more than a fifth.
ANA Holdings posted a net profit of 6.6 billion yen (S$87.5 million) for its fiscal first quarter, 20.7 per cent lower than the same period last year, adding that a strong yen also took a bite out of its bottom line.
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