27-Jul-2010 12:36 PM
GAP revenue up 23%, EBITDA jump 35% in 2Q2010
Mexico's Grupo Aeroportuario del Pacífico (GAP) revenue up 23% - financial/traffic highlights:
- Three months ended 30-Jun-2010:
- Revenue*: USD72.4 million, +23.1% year-on-year;
- Aeronautical: USD57.5 million, +28.2%;
- Non-aeronautical: USD14.9 million, +6.8%;
- Cost of services: USD18.4 million, -0.8%;
- EBITDA: USD47.8 million, +35.0%;
- Net profit: USD13.7 million, +18.1%;
- Passenger numbers: 5.0 million, +14.6%;
- Revenue*: USD72.4 million, +23.1% year-on-year;
- Six months ended 30-Jun-2010:
- Revenue: USD146.4 million, +13.7%;
- Aeronautical: USD116.9 million, +17.7%;
- Non-aeronautical: USD29.5 million, stable;
- Cost of services: USD36.3 million, +2.5%;
- EBITDA: USD97.7 million, +18.2%;
- Net profit: USD57.3 million, +31.9%;
- Passenger numbers: 10.3 million, +6.2%;
- Cash and cash equivalents: USD221.8 million;
- Capital expenditure: USD34.4 million. [more]
- Revenue: USD146.4 million, +13.7%;
*Based on the conversion rate at USD1 = MXN12.7551
GAP: "The company's operating margin for the second quarter of 2010 increased 800 basis points, from 32.8% in the second quarter of 2009, to 40.8% in the second quarter of 2010. EBITDA margin increased 590 basis points, from 60.2% during the second quarter of 2009 to 66.1% in the second quarter of 2010," Company statement. Source: GAP, 26-Jul-2010.