C&W Panama notches up 21 percent increase in net profit

Cable & Wireless Panama reported a US$133 million net profit for the 2007-2008 fiscal year, a 21 percent increase on the previous year.

Friday, May 23, 2008

C&W's revenue in Panama came to US$617 million for the fiscal year, a 14 percent increase, according to information from the company's headquarters in London.
Panama's government has a 49 percent stake in C&W Panama.

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Cable & Wireless Panama Pays Dividends

October 2013

Dividends corresponding to telecoms shares in the first quarter of the fiscal year 2013-14 totaled $13.8 million.

"The government, which owns 49% of the shares, is entitled to $6.8 million and an equal amount will got to CWC CALA Holdings Limited, through its shareholding of 49%", reported Prensa.com. Of the remaining 2%, $278 thousand will be allocated to the trustee (Banco General SA).

Cable & Wireless Panama Pays Dividends

October 2012

Dividends for the first trimesters of fiscal year 2012 totaled $16.6 million to be divided up with 49% going to the State, 49% to Cable & Wireless Holdings Limited CALA, and 2% to the company’s workers.

These dividends are for the quarter April to June 2012, and are 60% of the net income for the period, according to the dividend policy.

C&W Purchases Panamanian Cable Company for $1 Million

June 2010

Cable & Wireless Panama acquired the company Cable Hogar, which served the province of Coclé.

The purchase of Cable Hogar comes shortly after another acquisition by C&W: Cable Unión, which provided cable services in Tocumen, Cerro Viento and Las Mañanitas.

“Roberto Mendoza, executive director of Cable & Wireless Panama, stated that by March they had 12.600 cable subscribers, after operating in this segment since December 2009”, reported Prensa.com.

Copa Holding Profits Down 49%

May 2010

Copa’s net income for the first quarter of 2010 was $36.7 million, 49% less than the same period of 2010.

Copa Holdings S.A., the parent of Panama-based Copa Airlines and Colombia-based Aero República, said its first-quarter net income fell 49 percent to $36.7 million, hit by currency charges and higher fuel costs. The results compared to a net profit of $71.6 million, in the same period a year earlier.

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