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CATHAY PAC AIR Once Spikes 3.6% after Midday, Logging 5.5Yrs+ High, given 6% Higher 2024 Profit & Div.
Recommend 11 Positive 29 Negative 12 |
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CATHAY PAC AIR (00293.HK) closed the morning session at HKD11.16, up 0.5%. Following the midday announcement of a 6% YoY hike in profit attributable to ordinary shareholders for 2024 and a higher dividend, the stock’s gains widened in the afternoon. It peaked at HKD11.5, up 3.6%, marking its highest level in over five and a half years. The stock last stood at HKD11.32, reflecting a 1.98% growth, with a trading volume of 10.246 million shares and a turnover of HKD114 million. CATHAY PAC AIR released its full-year financial results for the period ending December 31, 2024, reporting revenue of HKD104.371 billion, a 10.5% YoY hike. Profit for the year attributable to ordinary shareholders of the Cathay Group rose nearly 6% YoY to HKD9.607 billion, translating to an EPS of HKD149.2 cents. Including profit attributable to preference shareholders, the group’s total profit attributable to shareholders reached HKD9.888 billion, up 1% YoY. The airline declared a second interim dividend of HKD49 cents per share, bringing the total dividend for the year to HKD69 cents per share, compared to a second interim dividend of HKD43 cents per share in the prior fiscal year. AAStocks Financial News |
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