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India’s GMR Infrastructure revenue up 2% for three months to 30-Sep-2010

11-Nov-2010 1:19 PM

India’s GMR Infrastructure revenue up 2% - financial highlights for the three months ended 30-Sep-2010:

  • Net revenue*: USD276.9 million, +2.3% year-on-year;
    • Airport: USD109.5 million, +42.1%;
  • EBITDA: USD80.7 million, -6.3%;
    • Airport: USD27.8 million, +5.6%;
  • Profit before tax: USD14.1 million, -19.8%;
  • Net profit: USD9.6 million, -28.3%;
  • Nine months ended 30-Sep-2010:

*Based on the conversion rate at USD1 = INR44.12

GMR: “Traffic at all our three operating airports was higher than originally envisaged and the forecast for the rest of the year is also optimistic. We are confident that we will close the year on a high note,” GM Rao, Chairman. Source: GMR, 10-Nov-2010.