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Hainan Airport revenue up 2.5%, profits mixed in 2009

26-Mar-2010 1:27 PM

China’s Hainan Meilan International Airport Co reports (25-Mar-2010) the following financial/traffic highlights for the 12 months ended 31-Dec-2009:

  • Total revenue: USD58.7 million, +2.5% year-on-year;
    • Aeronautical: USD44.2 million, +3.1%;
      • Passenger charges: USD18.0 million, +5.6%;
      • Airport fee: USD14.4 million, +1.5%;
      • Aircraft movement fees and related charges: USD6.3 million, +0.9%;
      • Ground handling: USD5.5 million, +1.8%;
    • Non-aeronautical: USD14.5 million, +0.6%;
  • Operating profit: USD26.4 million, +6.3%;
  • Profit before tax: USD28.0 million, +3.4%;
  • Net profit: USD26.4 million, -3.1%;
  • Passenger numbers: 8.4 million; +2.1%;
  • Cargo volume: 137,820 tonnes, +4.7%;
  • Aircraft movements: 69,128, +4.1%. [more]

*Based on the conversion rate at USD1 = CNY6.83

Hainan Meilan International Airport: “In 2010, as the effect of the financial crisis is fading out, it is hoped that the economic environment in Europe, Japan and the U.S. will start to turnaround, and the country’s economy will see continuous upward movement leveraging on its retrieval which started in 2009…the Group will speed up the pace of our corporate expansion by exploring merger and acquisition or other restructuring opportunities,” Company statement. Source: Hainan Meilan International Airport, 25-Mar-2010.