easyJet ramps up dividend as profit takes off on record summer
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easyJet PLC reported a 34% increase in pre-tax profit to £610 million for the year ending in September, driven by a record summer and a 14% rise in revenue to £9.31 billion. The company also announced an increase in its dividend.
November 27, 2024 | 8:00 am
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easyJet PLC's profit increased by 34% to £610 million, with a 14% rise in revenue to £9.31 billion, leading to a dividend increase.
The significant increase in profit and revenue, along with the announcement of a dividend increase, is likely to positively impact easyJet's stock price in the short term. Investors often view profit growth and dividend increases as positive indicators of a company's financial health.
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