Deutsche Bank expects CNAC 1H01 net profit down 6.3% on-year to CNY129.7 million

Deutsche Bank expects CNAC (1110) 1H01 net profit to fall 6.3% on-year to CNY129.7 million; results due later today. DB estimates contribution from 43. 3%-owned Dragonair to drop 3.4% on-year to CNY115 million, caused by higher costsfor equipment (up 44%) and jet fuel (up 66.5%) ; adds CNAC's rental and interest income may also fall 15.5%. DB keeps CNAC as marketperform with

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