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Originally Posted by Marty H
And very smart cookies who got in whilst it was that low
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Mmm - we'll see, given this news just in:
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Virgin Blue profits slashed by 55pc
Virgin Blue will not be making a dividend payment this year. Shares in Virgin Blue have dived after the company revealed its profits have dropped by more than half.
Virgin's net profit after tax for the 2008 financial year is $98 million, about 55 per cent lower than 2007.
The company says the result is in line with its recent forecasts and has happened in an unprecedented operating environment for airlines globally.
The company has announced it will not be making a dividend payment this year.
About 11:00am AEST, Virgin shares had fallen as much as 17 per cent to 95 cents.
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