The Cathay Pacific Group recorded an attributable profit of HK$5,501 million for 2011. This compares to the profit of HK$14,048 million for 2010, which was a record year for the airline. The 2010 results included HK$3,033 million of significant non-recurring items being the profit on the sales of our shareholdings in Hong Kong Air Cargo Terminals Limited and Hong Kong Aircraft Engineering Company Limited and the gain on the deemed disposal of part of our interest in Air China. Adjusting for these items, the attributable profit in 2011 decreased by HK$5,514 million or 50.1% from 2010. Turnover for the year increased by 9.9% to HK$98,406 million. Earnings per share fell by 60.9% to HK139.8 cents.Continue Reading...
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