Cathay Pacific swings to Hong Kong $24m first-half net profit

GMT 05:10 2013 Wednesday ,14 August

Arab Today, arab today Cathay Pacific swings to Hong Kong $24m first-half net profit

Arab Today

Hong Kong's Cathay Pacific Airways swung to a first-half net profit of HK$24 million ($3.1 million) on Wednesday, but warned of continued high fuel prices and a challenging business environment. The profit for the six months ending June 30 comes after the blue-chip Asian airline suffered a huge first-half net loss of HK$935 million a year earlier, representing a 103 percent upswing for the blue-chip Asian airline. Revenue fell 0.6 percent to HK$48.58 billion.

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