Thursday, April 2, 2015   

Lufthansa offers dividend despite profit plunge
(03-13 16:09)

Lufthansa, Germany's biggest airline, said earnings nosedived in 2013, but will resume dividend payments to shareholders.
Lufthansa said in a statement its full-year net profit fell by 74.5 percent to 313 million euros.
But that was because “the previous year's result was largely boosted by non-recurring income from transferring operations at Austrian Airlines, while the result for 2013 was depressed by restructuring and project costs for the installation of the new Lufthansa business class seats,'' the airline explained.
Stripping out the one-off effects, underlying or operating profit jumped by 62.1 percent to 1.042 billion euros, while revenues slipped by 0.4 percent to 30.028 billion euros, Lufthansa said.
Chief executive Christoph Franz said the performance in the core passenger business “has prompted us to propose to the annual general meeting that a dividend of 0.45 euro per share be paid.’’
Lufthansa last paid a dividend of 0.25 euro per share in 2011.—AFP

   
Other Business breaking news:
US hirings slowed in March, private survey finds (04-01 20:49)
Greeks settle debts to the state to the tune of 147m euros (04-01 20:45)
Jeep drives sales at Chrysler-Fiat parent (04-01 20:40)
France frowns on PCCW’s moves on Dailymotion (04-01 18:21)
Hang Seng, Shanghai end higher (04-01 16:51)
Germany's overall debt ratio fell in 2014: Bundesbank (04-01 16:51)
Macau casinos count 10th month of falling revenue (04-01 15:56)
Posco shares dumped on sale news (04-01 15:25)
European equities fall (04-01 15:23)
Euro climbs, greenback eases in Asia (04-01 14:33)

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.