"We focused on fares for January to April 2017 as there was little change in the further dated fares," Liew said. Deutsche Bank said data it has monitored since October showed Cathay's fares on most routes have been flat or falling. "Upon completion, the move could addat least 3 per cent more seats annually without additional aircraft," Xu said. Cathay has said it plans to add more seats to its aircraft in an effort to generate more revenue amid slot scarcity in Hong Kong. Cathay Pacific Airways is likely to face continuing headwinds in the form of weak demand for business class travel, rising competition and a softening economy, according to analysts.
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HONG KONG--FIH Mobile Ltd. (2038.HK) reported a 40% fall in its 2016 net profit, partly because of weaker revenue and higher operating expenses. The company declared a final dividend of 0.526 U.S. cent a share and a special dividend of 1.252 U.S. cents a share. Write to Chester Yung at chester.yung@wsj.com-0Dow Jones Newswires The Hong Kong-listed company, which provides manufacturing services for the handset and wireless communication industries, said late Thursday its net profit for the 12 months ended Dec. 31 fell to US$138.32 million from US$229.07 million, while its revenue fell to US$6.23 billion from US$7.45 billion a year earlier.
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Estate agency Countrywide 2016 profit slumps on property tax hike
The company said pre-tax profit fell to 19.5 million pounds ($23.71 million) in the year ended Dec. 31, from 47.7 million pounds a year earlier. Countrywide reported a 59 percent fall in 2016 profit as Britain's largest estate agency by revenue said a property tax increase and Britain's vote to leave the European Union last year made it a challenging year for the company. Total income rose 0.4 percent to 737 million pounds. It had forecast income for the full-year would be broadly flat at 737 million pounds, after issuing two warnings on results since July as Brexit uncertainty and some tax changes hit housing demand. (Reporting by Justin George Varghese and Esha Vaish in Bengaluru; Editing by Sunil Nair)HONG KONG--FIH Mobile Ltd. (2038.HK) reported a 40% fall in its 2016 net profit, partly because of weaker revenue and higher operating expenses. The company declared a final dividend of 0.526 U.S. cent a share and a special dividend of 1.252 U.S. cents a share. Write to Chester Yung at chester.yung@wsj.com-0Dow Jones Newswires The Hong Kong-listed company, which provides manufacturing services for the handset and wireless communication industries, said late Thursday its net profit for the 12 months ended Dec. 31 fell to US$138.32 million from US$229.07 million, while its revenue fell to US$6.23 billion from US$7.45 billion a year earlier.
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