Friday, July 25, 2014   

Cathay Pacific earnings rise to HK$2.2b, cargo remains weak
(03-12 12:47)

Cathay Pacific (00293) reported net profit of HK$2.62 billion for the year ended December 31, compared with the restated HK$862 million net income in 2012. Turnover was up slightly by 1.1 percent to HK$100.4 billion.
The Hong Kong-based carrier said earnings per share were 66.6 HK cents compared with earnings per share of 21.9 HK cents (restated) in 2012.
Cathay said earnings improved largely as a result of the strengthening of the passenger business, but that the cargo business continued to be affected by weak demand.
Passenger revenue was up by 2.4 percent to HK$71.8 billion.
The share of profits from non-airline subsidiaries and from associates fell to HK$781 million from a restated HK$1.12 billion.—The Standard

   
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