Amadeus shareholders have approved an annual dividend of â‚¬134.3 million.
This represents a pay-out of 35% of the 2010 reported profit for the year and has a value of â‚¬0.30 per share and will be paid on July 27.
President & CEO Luis Maroto said: â€œ2010 was a positive year for Amadeus, firstly because of the success of our return to the stock market, but also because our transaction-based model again proved adaptable and allowed us to benefit from the improvement in global travel.
â€œAs a result, we further strengthened our financial position by substantially reducing our financial debt and our adjusted profit for the year grew by 24.3% to total â‚¬427.4 million.â€
By Bev Fearis
Monday, June 27, 2011
Established by the famed Sarkies Brothers in 1885, the Eastern & Oriental (E&O) Hotel in Penang is the only hotel in the heart of the George Town UNESCO World Heritage Site that possesses prime sea frontage. Today, the luxurious 228 all-suite hotel stands as the grand dame of heritage hotels, its distinctive classic elegance and grace of service enhanced with time.
For more information, visit www.eohotels.com