Friday, January 30, 2015   

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

   
Other Business breaking news:
Spanish economy grows by 1.4 percent in 2014: stats office (5 mins ago)
Taiwan's economy slows in fourth quarter 2014 (21 mins ago)
European stocks rise at open (22 mins ago)
Hang Seng ends lower (1 hr 8 mins ago)
Honda cuts full-year profit forecast (2 hrs 10 mins ago)
Japan's biggest airlines project smooth annual earnings (2 hrs 11 mins ago)
Nikkei finishes higher (2 hrs 23 mins ago)
Japan unemployment rate down in December (01-30 12:23)
Amazon surprises with profit despite fierce spending (01-30 11:18)
Nikkei up by break (01-30 10:50)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.