My Account Menu

CAPA Login


Register to trial CAPA Membership!

GMR Infrastructure posts net revenue increase of 4.6%; GMR Airports Holdings to raise USD100m

10-Aug-2010

GMR Infrastructure (+2.7%) shares rose on Monday (09-Aug-2010) after posting a net revenue increase of 4.6% for the 3 months ended Jun-2010:

  • Net Revenue*: USD269.1 million, +4.6% year-on-year;
    • Airports: USD92.9 million,+32.4%;
  • EBITDA: USD82.5 million, +17.5%;
  • Profit after tax: USD6.2 million, +26.2%.
    • Based on the conversion rate at USD1 = INR45.7500

See related CAPA profile: Financial results

Meanwhile, GMR Airports Holdings has announced plans to raise USD100 million to buy out the holdings of its parent, GMR Infrastructure. GMR Airports recently entered into an agreement with Macquarie SBI Investment to raise USD200 million through compulsory convertible preference shares.

Other Asia Pacific airport operators that gained yesterday included Airports of Thailand (+4%), Malaysia Airports (+3.8%), Beijing (+1.7%) and Shanghai (+1.6%). Meanwhile, Infratil (-0.6%) lost ground while Shenzhen Airport shares remained stable.

Selected airports daily share price movements (% change): 09-Aug-2010


Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.