Auckland Airport profit lifts 5.5%
Auckland Airport has announced a profit after tax of $69.1 million for the six month period ended 31 December 2011, up 5.5% during the same period in the previous year, with underlying profit after tax up 15% to $70.8 million.
Total revenue of $215.9 million was up 8.9% on the previous corresponding period, while expenses rose by 15.3% to $54.5 million.
Depreciation expenses were $31.8 million, up by 10.5% on the previous corresponding period.
Auckland Airport 12-month chart courtesty CapitalIQ. Click to enlarge.
An increase in airline routes, passenger numbers, car parking and retail operations led growth, resulting in a dividend of 4.4 cents per share for the 2011 year.
Earnings before interest, taxation, depreciation, fair-value adjustments and investments in associates (EBITDAFI) were up 6.9% to $161.4 million, with earnings per share on underlying profit at 5.3 cents per share for the six months ended 31 December 2011, compared with 4.7 cents per share from the previous corresponding period for the six months ended 31 December 2010.
At the start of its 2012 financial year, Auckland Airport said it expected full-year net profit after tax (excluding any fair value changes and other one-off items) of $130 million.
Auckland Airport shares [NZX:AIA] were up 0.20% to $2.45 in early trading.