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Shanghai Airports' first half profits fall as demand slows


Shanghai International Airport Co Ltd (SIACL) reported (28-Aug-08) a difficult second quarter, as passenger numbers slowed, slashing revenue growth. The airport operator reported a 39.1% fall in first half net profit to USD74.4 million, according to domestic accounting standards. SIACL reported a 16% reduction in first quarter net profit, indicating the slowdown in earnings gathered pace in the second quarter, while costs have surged, associated with the operation of the airport’s new terminal and runway, which opened earlier this year. [509 words]

Unlock the following content in this report:


  • Terminal 1 upgrade under consideration at Pudong
  • New F&B outlets and duty free on arrival

Graphs and data:

  • Shanghai International Airport Co Ltd financial highlights: six months ended 30-Jun-08
  • Shanghai Pudong international Airport passenger number growth vs cargo volume growth
  • Shanghai Hongqiao International Airport passenger number growth vs cargo volume growth
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