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CATHAY PAC AIR Shrinks ~7% Post-results as 1H25 NP Hikes 1.1% w/ Flattish Div.
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CATHAY PAC AIR (00293.HK) closed at $11.98 at midday today (6th), sliding 0.25%. Its decline widened in the afternoon. The stock eroded 6.99% to last at $11.17, with a trading volume of 7.0705 million shares, involving $81.2162 million. CATHAY PAC AIR announced at noon that its profit attributable to shareholders rose 1.1% YoY to $3.651 billion. The earnings per ordinary share were $56.7 cents. An interim DPS of $20 cents was declared, flat YoY. Furthermore, CATHAY PAC AIR announced the exercise of the purchase rights under the 2013 purchase agreement to acquire 14 Boeing (BA.US) 777-9 aircraft, and secured the right to acquire up to 7 additional Boeing 777-9 aircraft from the manufacturer. The aircraft basic price for the 14 jets is approximately US$8.1 billion, equivalent to approximately $63.2 billion. Due to significant price concessions offered by the manufacturer, the actual consideration is expected to be lower than the aircraft basic price mentioned above. AASTOCKS Financial News Website: www.aastocks.com |
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