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Qatar Airways announced today, Thursday, that it achieved an annual profit of 5.6 billion Qatari riyals ($ 1.54 billion), compared to losses of 14.8 billion riyals in the previous year.

The company said in a statement, reported by Reuters, that its revenues amounted to 52.3 billion riyals during the year ended March 31, compared to 29.4 billion riyals a year ago.

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