Cebu Pacific net income doubles in 2016 | ABS-CBN
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Cebu Pacific net income doubles in 2016
Cebu Pacific net income doubles in 2016
ABS-CBN News
Published Mar 24, 2017 11:55 AM PHT
MANILA – Cebu Pacific, the country’s largest airline, said Friday its net income doubled to P9.75 billion in 2016, from P4.38 in the previous year.
MANILA – Cebu Pacific, the country’s largest airline, said Friday its net income doubled to P9.75 billion in 2016, from P4.38 in the previous year.
Gross revenues last year grew to P63.8 billion from P56.6 billion in the previous year, the airline said in a stock exchange filing.
Gross revenues last year grew to P63.8 billion from P56.6 billion in the previous year, the airline said in a stock exchange filing.
Gross expenses rose to P54.1 billion from P53.1 billion during the same period.
Gross expenses rose to P54.1 billion from P53.1 billion during the same period.
Shares of Cebu Pacific were up 1.21 percent to P92.1 in early trading on Friday.
Shares of Cebu Pacific were up 1.21 percent to P92.1 in early trading on Friday.
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