More Clever Accounting ??
From the ABC News website;
Qantas posts $607 million first-half profit
Updated 16 minutes ago
MAP: Australia
Qantas has posted a net profit of $607 million, for the six-month period ended December 2017.
This result is higher than its first-half profit of $515 million from the previous year.
Qantas disclosed an income tax expense of $250 million, but will not pay tax due to the "utilisation of of carry-forward tax losses and other temporary differences", according to its interim financial report, released this morning.
The Australian airline also announced it will buy back $378 million worth of its shares.
"Today’s result comes from investing in areas that provide margin growth and a network strategy that makes sure we have the right aircraft on the right route," chief executive Alan Joyce said.
As for its interim dividend, the company will pay shareholders 7 cents per shares, unfranked.
More to come.
Good to see they will pay some tax ---NOT. Can't pay tax and pay the CEO huge salaries as well can we ?