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6 November, 2006 - 08:55 By Staff Reporter

Record interim profits for Ryanair

Ryanair has posted record half year profits of €329 million for the six months to the end of September – a 39 per cent increase year-on-year.Traffic grew 23 per cent to 22.1m passengers in the last six months and yields increased by 9 per cent as total revenues rose 33 per cent to €1.256bn.

Despite significantly higher fuel costs, Ryanair’s after-tax margin for the half year rose by 1 point to 26 per cent.

CEO Michael O’Leary added a note of caution due to expansion costs and significantly higher oil prices but says he remains confident of

significant passenger growth.

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