Airport Authority Hong Kong revenue up 8% in 1HFY2013, pax numbers up 4%

Airport Authority Hong Kong (AAHK) revenue up 8% - financial highlights for the six months ended Sep-2012:

• Revenue: HKD6395 million (USD824.3 million), +8.0% year-on-year;
  • Retail licences and advertising: HKD2355 million (USD303.5 million), +9.8%;
  • Airport charges: HKD1805 million (USD232.7 million), +3.6%;
• Operating profit before depreciation and amortisation: HKD4409 million (USD568.3 million), +9.6%;
• Net profit: HKD2751 million (USD354.6 million), +13.1%;
• Passenger numbers: 28.7 million, +3.8%;
• Cargo volume: 2.0 million tonnes, +2.1%;
• Aircraft movements: 175,909, +4.6%. [more - original PR]

*Based on the average conversion rate at USD1 = HKD7.7582

AAHK: "The rise in revenue and profit was attributed to the growth of passenger traffic and aircraft movements. Also, the retail licences and advertising revenue saw a 9.8% increase over the same period last year, further contributing to overall growth. While all three categories saw growth during the period, it is especially worth noting that cargo throughput rebounded despite the persistently challenging economic situations in Europe and the US. We expect there will continue to be moderate growth in both passenger and air traffic movements, and we are cautiously optimistic about cargo throughput for the rest of the fiscal year," Stanley Hui Hon-chung, CEO. Source: Company statement, 26-Nov-2012.