Qantas NPAT drops 25.1% to $515M in 1H FY17

Company News

by David Chau

Qantas Airways (ASX:QAN) has released its 1H FY17 results.  Australia’s largest airline says its revenue and other income dropped 3.3% to $ 8.2 billion in the first half.

As for its statutory profit after tax, it had an even bigger drop of 25.1% to $515 million.

The company’s earnings per share fell by 4.6 cents to 27.3c for the first half.

On 12 October 2016, Qantas paid its shareholders a fully franked dividend of 7 cents per ordinary share.

The company also declared a 50% franked interim dividend of 7 c per ordinary share, which it plans to pay shareholders on 10 April 2017.

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