‘s Qantas reports record profit

Author lbostgadmin | Posted on August 21, 2008 | World

SYDNEY, August 21, 2008 (AFP) – Australia’s national airline Qantas Thursday reported a 44 percent increase in annual net profit to a record 969 million dollars (842.
6 million US dollars).

Revenue for the year ended June 30 rose 7.5 percent to 16.19 billion dollars after Qantas carried 38.
6 million passengers, up 6.0 percent, the company said. Despite high fuel costs, the airline recorded a 46 percent increase in profit before tax to 1.
41 billion dollars, ahead of its forecast of at least 40 percent growth.

Qantas declared a final dividend of 17 cents per share, taking the full-year payment to 35 cents, up from 30 cents last year.
– Dow Jones Newswires contributed to this report –