Article: Alpine Air reports gross profit up 46%.(financial news)(Financial report)(Brief article)

AIRLINE INDUSTRY INFORMATION-(C)1997-2009 M2 COMMUNICATIONS

Alpine Air Express Inc (OTCBB:APNX) announced on Thursday that Alpine Aviation Inc, its operating subsidiary which provides air cargo transportation services in the US, recorded gross profit of USD1.037m for the quarter ended 31 July 2009.

This represents an increase of 46% compared to the same period of last year.

Revenues for the quarter dropped by 8% compared to the quarter ended 31 July 2008 to USD4.823m.

According to Alpine Air, the decrease in revenues and ...

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