AirAsia Confident of Paying 2013 Dividend After Net Drops
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AirAsia Bhd., the budget airline that reported a 19 percent drop in fourth-quarter earnings, plans to propose a dividend for last year, Group Chief Executive Officer Tony Fernandes said.
The carrier’s board will stick with a previously announced policy of paying an annual dividend of 20 percent of net operating profit, Fernandes told Bloomberg TV’s Rishaad Salamat today. After a meeting to review earnings yesterday, the company told the stock exchange in Kuala Lumpur that “the directors do not recommend any dividend for the quarter ended Dec. 31.”