Guangzhou Baiyun earnings rise on passenger surge
Guangzhou Baiyun International Airport Co Ltd (GBIA), reported
a 44.6% year-on-year rise in net profit in the six months ended 30-Jun-07. The
result was boosted by a 7.3% increase in operating revenue combined with 19%
and 26.8% reductions in management and financial expenses, respectively. China’s
strong aviation market growth had a positive impact on GBIA’s result. The airport’s
passenger traffic rose 17.6% (on a par with China’s overall average growth),
while cargo volume increased 6.4% in the period (well below the Mainland average).