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Those charges cut fourth-quarter earnings by $117 million, or 98 cents a share, the company said.
And indeed, Mexico, although cross at the prospect of losing $800m a year of hard currency, has already understood that high international charges cut both ways.
Revenue for the first three months hit a high of 5.2 trillion won, up 18percentt from 4.4 trillion won, but losses by affiliate firms and currency charges cut into the final results.
This would be financed, he said, not by extra taxes elsewhere but by budget savings worth €53 billion over the next three years.This was what Pierre Gattaz, head of Medef, the employers' federation, has been urging for months although he wants payroll charges cut by €50 billion.
Barry Bearak (NYT) INDONESIA: NEW SUHARTO PROTEST Prosecutors investigating corruption charges cut short the questioning of former President Suharto, 79, because of what they said was his failing health, setting off a demonstration by hundreds of students demanding that he be out on trial.
By contrast 77% wanted lower fuel duty and just 16% wanted congestion charges cut.
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Unison findings also show reduced maternity pay, imposition of car parking charges, cuts to sleep-in allowances and capping of professional fee payments.
In the most recent quarter, a $14.6 million charge cut net income to $169.4 million, or $1.19 a share.
Even while charging cut rates -- his credo is "rent $10 below market" -- he pays extra for amenities like resort-quality pool furniture and high-end exercise equipment.
Reviewing his past achievements, Professor David Begg, the publisher of Transport Times, has written: Congestion charging cut traffic by 20% and initially reduced congestion by 30%.
Cigna To Take $65M Charge, Cut 2,000 Jobs.
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