Airport Authority Hong Kong reports 11% return on equity in FY2011

Airport Authority Hong Kong released its FY2011 Annual report which outlines the following financial highlights for the 12 months ended:

• Revenue: USD1360 million, +17.4% year-on-year;
  • Airport and security charges: USD523.2 million, +18.8%;
  • Airside support services franchises: USD217.8 million, +18.4%;
  • Retail licences and advertising: USD460.4 million, +22.8%;
  • Other terminal commercial revenue: USD102 million, -4.3%;
• EBITDA: USD901.0 million, +24.9%;
• Net profit: USD518.4 million, +41.9%;
• Total assets: USD6479 million, -1.8%;
• Total liabilities: USD1805 million, -4.3%;
• Return on equity: 11.1%, +3.3 ppts;
• Passenger numbers: 51.5 million, +9.8%;
• Cargo volume: 4.2 million tonnes, +16.7%;
• Aircraft movements: 316,000, +12.9%. [more]

*Based on the conversion rate USD1 = HKD7.78316

Airport Authority Hong Kong: "Traffic is expected to continue to grow, albeit at a slower pace, driven by the continued economic expansion of the mainland and global economies. In the medium term, we will increase commercial revenues by enlarging the airport's retail space, building new facilities and supporting our business partners as they expand and add new services," Company statement. Source: Airport Authority Hong Kong, 29-Jun-2011.