Low-cost carrier Cebu Pacific posted an 85 percent plunge in net income for 2013 to P512 million from P3.57 billion in 2012 due to foreign exchange losses.
The peso exchange rate against the US dollar in December last year weakened to P44.395, from P41.05 in December 2012. As of March 6, 2014, the rate stood at P44.77.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.