Tokyo - All Nippon Airways Co (ANA) saw a record net profit in fiscal 2007 that ended in March, the company said Wednesday.

ANA's net profit nearly doubled to 64.14 billion yen (616.53 million dollars) from 32.6 billion yen, thanks to its sale of hotel businesses.

Sales remained almost unchanged at 1.49 trillion yen, down 0.1 per cent from the previous year.

But due to rising fuel costs and harsher competition in the domestic flight business, operating profit declined 8.5 per cent to 84.39 billion yen.

A member of Star Alliance, ANA expected a net profit to fall 57.9 per cent to 27 billion yen, due to fuel costs, for the current year through March 2009.

The airline company projected sales to increase 1.5 per cent to 1.51 trillion yen and operating profit to dip 5.2 per cent to 80 billion yen. (dpa)