Ryanair returns to net profitability in FY2011; proposes first ever dividend
Ryanair returned to profitability in the 12 months ended Mar-2010 (FY2010), with a net profit of USD305 million, exceeding its forecast of EUR275 million and resulting in a 7 ppt net margin improvement to 11%. Operating profits, meanwhile, increased 334% to EUR402 million, resulting in an 8 ppt improvement in operating margin to 13%. Ryanair last year posted its first loss in 20 years after writing down the value of its stake in its former takeover target, Aer Lingus.
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