Saturday, November 1, 2014   

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:
German retail sales post biggest drop for 7 years (10-31 17:59)
Hang Seng finishes higher (10-31 17:22)
IAG airlines group logs improving Q3 profits (10-31 17:21)
European stocks rally at open (10-31 16:47)
Panasonic says half-year profit dives (10-31 15:53)
Nikkei soars to seven-year high (10-31 15:44)
Japan Airlines H1 net profit slips (10-31 15:43)
Sony says half-year loss balloons six-fold (10-31 15:42)
RBS sets aside 400m pounds for forex probes (10-31 15:41)
BoJ chief says at 'critical moment' for exiting deflation (10-31 15:40)

More breaking news >>

© 2014 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 2014, 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.