Regional Express Holdings Limited (Rex) announced a group net profit after tax of $23.6m, an increase of 50.4% over last year.
In comparison to FY06:
- Group revenue increased by 29% to $225 million;
- Passengers carried increased by 18% to 1.4 million;
- Capacity (Available Seat Kilometres) grew 14%
- Passenger Load Factor increased 1.4% points to 68.5%
- Diluted Earnings per Share increased 32% to 20.4c
Executive Chairman, Lim Kim Hai said Rex’s results were very pleasing and clear evidence of the Group’s focus on its fundamental strategies of increasing activity and reducing unit costs.
“Taking away fuel, Rex’s cost per Available Seat Kilometre remains unchanged at 18.6c/ ASK.”
“The Rex Board has agreed to pay a final dividend of $8m or 6.6 cents per share, fully franked. This is an increase of more than 30% over the unfranked dividend paid last year,” Mr Lim said.
The record date for determining entitlements will be 15 October 2007. The payment date will be 29 October 2007.
“The announced results are based on accounts which are in the process of being audited and therefore no audit report is provided. However, it is not expected that the accounts will be subject to dispute or qualified,” Mr Lim said.
Mr Lim commented that the Group expected a ten percent increase in earnings for the next financial year.
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