Changes in Hong Kong stocks | Cathay Pacific (00293) rose more than 3%, medium-term net profit increased 71% year on year, dividends increased to HK26 cents

The Zhitong Finance App learned that Cathay Pacific (00293) increased by more than 3% in the afternoon. As of press release, it had risen 3.06% to HK$1,484, with a turnover of HK$223 million.

According to the news, Cathay Pacific announced its 2026 interim results this afternoon. The group obtained revenue of HK$68.61 billion, up 25.3% year on year; profit attributable to Cathay Pacific Group shareholders was HK$6.243 billion, up 71% year on year; profit per share was 99.5 HK cents. It plans to pay a common share dividend of HK26 cents per share, an increase of 30% over the previous year. According to the announcement, the results benefited from the continued steady core demand of Cathay Pacific and Cathay Pacific Cargo, improved performance of Hong Kong Express, and better profit contributions from affiliated companies.

It is worth mentioning that the easing of the situation between the US and Iran has led to a significant correction in oil prices. US President Trump said in an interview with Fox News Channel on the 4th that the Strait of Hormuz will be opened “soon”, otherwise Iran will be “severely hit.” Earlier, US Treasury Secretary Bezent said that an agreement on the Strait of Hormuz could be reached on the 4th or 5th. “Right now, we can also see quite a few boats leaving the Strait of Hormuz,” Bezent said.