Hainan Airlines Co, China's fourth-largest carrier, said yesterday that its net profit for last year would grow at a faster pace than it estimated in January.

The net profit is expected to rise 300 percent last year from 182 million yuan in 2006, the carrier said in a statement to the Shanghai Stock Exchange. Details of the annual results will be published next Tuesday. It said in January that the net profit was estimated to soar by 200 percent.