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! |
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 |
It's 3 weeks plus 6k in March. 2 weeks from last year are included in the 5 weeks.
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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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How about 5 billion in cargo fines reducing the profit?
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and orders for 15 more 333, 10 more 77W and discussions baout purchasing 14 more aircraft, of unknown type.
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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. |
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 :ugh:skills |
Profit Share
Billy
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?! |
I am pleased to be able to say that all of us are sharing the fruits of last year’s success. |
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. |
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. |
Ron
Don't be a d*ck, I am not talking about HK but an airline that has made that much profit and by we I mean Cathay. |
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. :mad: |
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.
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Bye Bye Baby you are so right. What was I thinking? They deserve every cent, sorry million, they get. :rolleyes:
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