Profit figures out now...
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Profit figures out now...
Turnover HK$ million 89,524 +33.7%
Profit attributable to owners of Cathay Pacific HK$ million 14,048 +199.3%
Earnings per share HK cents 357.1 +199.3%
Dividend per share HK cents 111.0 +1,010.0%
Profit margin % 15.7 +8.7%
= 14.04 billion!
Profit attributable to owners of Cathay Pacific HK$ million 14,048 +199.3%
Earnings per share HK cents 357.1 +199.3%
Dividend per share HK cents 111.0 +1,010.0%
Profit margin % 15.7 +8.7%
= 14.04 billion!
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It also says "Staff will also receive a 2010 profit share greater than five weeks‟ salary. "
5 weeks plus HKD $6000 paid in March salary
5 weeks plus HKD $6000 paid in March salary
Last edited by Waterskier; 9th Mar 2011 at 03:42.
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Billy
As usual it is in the small print. We are getting 7 weeks, but the first two are capped at half a month or 6000 whichever is lower!
It is good for our more lower paid colleagues. But I just wish they would all cut the spin and say a limit of $6000 for the first two weeks. Surely nobody at Cathay receives less than $12,000 a month and if they do then we should be ashamed.
It is just like the Government, and only in Hong Kong, "we are giving you a 75% tax rebate capped at $6000". Smoke and mirrors, makes it sound good.
As usual it is in the small print. We are getting 7 weeks, but the first two are capped at half a month or 6000 whichever is lower!
It is good for our more lower paid colleagues. But I just wish they would all cut the spin and say a limit of $6000 for the first two weeks. Surely nobody at Cathay receives less than $12,000 a month and if they do then we should be ashamed.
It is just like the Government, and only in Hong Kong, "we are giving you a 75% tax rebate capped at $6000". Smoke and mirrors, makes it sound good.
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Iceman, [QUOTE]Surely nobody at Cathay receives less than $12,000 a month and if they do then we should be ashamed./QUOTE]
If you are that ignorant of what the majority of people get paid in Hong Kong then it is you who should be ashamed. We live in a SAR where they only just passed minimum wage legislation (of $29) and that was fought tooth and nail by corporate HK.
How else do you think they make so much money.........it's not because of their incredible management/business
skills
If you are that ignorant of what the majority of people get paid in Hong Kong then it is you who should be ashamed. We live in a SAR where they only just passed minimum wage legislation (of $29) and that was fought tooth and nail by corporate HK.
How else do you think they make so much money.........it's not because of their incredible management/business
skills
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Profit Share
Billy
Spot on, another 3 weeks is a f@*king joke. Perhaps a good year to go sick 
Can someone explain to me how we doubled our profit from 2007 when we got 1 month profit share, yet all we get is 5 weeks? WTF?!
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Perhaps a good year to go sick
Have you had this month's "Caribou" yet?
How many "Caribous" have you had since the annual results came out?
etc.
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that was the last profit sharing scheme, then we didn't have one as the previous one expired and nobody remembered we needed a new one, which is what we have today.
Must say am a little disappointed, did think it would be better, but hey it could of been worse.
Must say am a little disappointed, did think it would be better, but hey it could of been worse.
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Actually Iceman, I think you will find that there are a lot of staff at CX that earn less than $12,000 per month. A BC makes around $10,000 per month (guaranteed 70hrs credit at $140/hr). I imagine that office staff are similar.
Anyway, the "sharing" of the profit is a slap in the face. If it was the same for everyone I would be happy, however I bet the likes of TT, JS, HC, RH, et al receive far greater than an additional 3 weeks plus $6000.
Anyway, the "sharing" of the profit is a slap in the face. If it was the same for everyone I would be happy, however I bet the likes of TT, JS, HC, RH, et al receive far greater than an additional 3 weeks plus $6000.
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Well Nearmiss, I think what you fail to realise is that those you mention are the sole reason we ended up with such a massive profit, it was entirely up to their superior management skills, they are after all Gods walking amongst us meer mortals.
