Myanmar Business Network: FMI permitted to run private airline

Myanmar Business Network: FMI permitted to run private airline: The First Myanmar Investment Co.,Ltd. has obtained permit to operate a private airline, said Thein Wai(Mr. Surge Pun), chairman of the company on November ..
FMI nett profit after tax is K 1,200,445,471.FMI continued to engage in the business of investment holding which include investments in financial services sector,automobile sector,real estate sector,agriculture sector and services sector.The investments made by FMI are recorded at cost in ther books of company having a total historic value of K 16,259 million.
FMI's income for the year ended 31st March,2012 was K 1,745 million which was contributed by automobile sector 11%, real estate sector 87% and other income 2% respective.Then FMI can run own airline now.