Cebu Pacific’s parent Cebu Air Inc. yesterday said its board of directors approved the proposal to use its additional paid-in capital to erase its retained earnings deficit.
This means Cebu Air will tap a portion of its additional paid-in capital of P20.66 billion to wipe out its deficit of P16.27 billion.
Once the restructuring is pursued, Cebu Air will clean its balance sheet of any deficit. Further, the airline will be left with an additional paid-in capital of P4.39 billion.
Diese Geschichte stammt aus der July 18, 2024-Ausgabe von The Philippine Star.
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Diese Geschichte stammt aus der July 18, 2024-Ausgabe von The Philippine Star.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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