Shares in New Zealand’s Infratil dipped 1.2% yesterday, ahead of the release of the company’s financial report for the 12 months ended 31-Mar-2010. Total EBITDAF was up 1.7% year-on-year to USD252.8 million on a total revenue increase of 5.9% to USD1,278 million.
The company turned around its net loss of USD133.0 million in the year ended 31-Mar-2009 to a USD20.2 million profit in the year ended 31-Mar-2010.
Wellington Airport reported an 8.8% revenue increase to USD72.8 million, while EBITDAF climbed 3.0% to USD47.4 million. Domestic passenger numbers at Wellington Airport dipped 3.3% to 4.5 million, while international passengers rose 2.6% to 626,646. Infratil stated that while passenger numbers at Wellington Airport declined, EBITDAF increased due to higher income from passenger services and aeronautical charges.
Infratil Airports Europe reported an EBITDAF loss of USD6.3 million (compared with a loss of USD13.2 million in the previous corresponding period), on a 28.9% reduction in revenue.
Also in New Zealand yesterday, shares in Auckland Airport gained 1.0%.
Elsewhere, Hochtief led the way down, slumping 7.7% yesterday. The company released the following financial highlights for the three months ended Mar-2010:
- Revenue: EUR4,448 million, +1.0% year-on-year;
- Profit before tax: EUR120.5 million, +2.5%;
- Profit after tax: EUR82.0 million, +4.2%:
- Net profit: EUR34.1 million, -11.8%.
Hochtief stated, "not least in light of the large order backlog and the opportunities available, the Group reaffirms its guidance for fiscal 2010 while its medium-term target remains a pretax profit of EUR1 billion".
Selected airports daily share price movements (% change): 17-May-2010
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