Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Company - Domestic
 Search News  Or
Cathay Pacific posts 61% drop in 2011 net profit

Mar. 15, 2012 (China Knowledge) - Cathay Pacific Airways Ltd<0293>, the flagship carrier of Hong Kong, said yesterday that its net profit declined 61% year on year to HK$5.50 billion in 2011.

The company said that the significant decrease in net profit was due to rising fuel costs, weaker demand for its freight services and a high comparison boosted by HK$3.03 billion of one-off gain in 2010.

Excluding the one-off gains, the company's underlying profit fell 50.1% last year.

The carrier proposed a second interim dividend of 34 HK cents, taking its total dividend for 2011 to 52 HK cents.

Cathay Pacific saw its revenue grew 9.9% year on year to HK$98.41 billion.

The company expected weakness for its cargo operations to continue this year.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved