Mar 22, 2018 Last Updated 10:48 AM, Mar 21, 2018

New Entry From the Editor :

Glencore acquires $1.7 billion Hail Creek coal mine as rivals exit the industry

Glencore acquires $1.7 billion…

AusBN - Glencore will purchase Rio Tinto’s Hail Creek coal mine in Qu...

TPG Telecom H1 profit dips 11% to under $200 million

TPG Telecom H1 profit dips 11%…

AusBN - Telecommunications firm TPG Telecom has posted a first-half net pro...

Australian junior Raiden Resources strikes momentous deal with Rio Tinto

Australian junior Raiden Resou…

AusBN - Raiden Resources (ASX:RDN) will enter a joint venture with Rio Tint...

Qantas to share out $975m profit

AusBN – Qantas made $975 million underlying profit in financial year 2014-15 and plans to share the spoils with its shareholders and staff.

It marks an amazing turnaround since last year, when the airline posted its worst-ever loss of $2.8 billion.

Every segment of the group did well this year, with Qantas Domestic making a profit of $480 million, Qantas International $267 million and budget brand Jetstar $230 million.

From November, shareholders will receive their first dividends in seven years, equivalent to 23 cents per share.

Qantas will reward its employees who have endured an 18-month pay freeze with $90 million worth of bonuses.

The airline has also ordered eight new 787-9 Dreamliner aircrafts to replace five older Boeing 747s.


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