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New Kansai International Airport Co reports profit growth in 1HFY2013, adjusts full year guidance

15-Nov-2013 4:07 PM

Japan’s New Kansai International Airport Co revenue up 12% – financial highlights for six months ended 30-Sep-2013:

  • Operating revenue: JPY56,169 million (USD568.3 million), +11.6% year-on-year;
    • Osaka Kansai Airport: JPY49,016 million (USD495.9 million), +4.1%;
    • Osaka Itami Airport: JPY7151 million (USD72.3 million), +37.9%;
  • Operating profit: JPY17,144 million (USD173.5 million), +19.7%;
    • Osaka Kansai: 13,067 million (USD132.2 million), +5.3%;
    • Osaka Itami: JPY4077 million (USD1913 million), +41.2%;
  • Net profit: JPY6948 million (USD70.3 million), compared to a loss of JPY11,238 million (USD113.7 million) in p-c-p;
  • Total assets: JPY1986 billion (USD20,095 million);
  • Total liabilities: JPY1224 billion (USD12,385 million).
  • FY2013 forecast:
    • Operating revenue: JPY123,500 million (USD1250 million);
      • Osaka Kansai: JPY97,300 million (USD984.4 million);
      • Osaka Itami: JPY14,000 million (USD141.6 million);
    • Operating profit: JPY28,950 million (USD292.9 million);
      • Osaka Kansai: JPY22,000 million (USD222.6 million);
      • Osaka Itami: JPY6500 million (USD65.8 million);
    • Net profit: JPY10,300 million (USD104.2 million);
    • Passenger numbers: 31.9 million;
      • Osaka Kansai: 17.9 million;
      • Osaka Itami: 14.0 million;
    • Aircraft movements: 271,000;
      • Osaka Kansai: 132,000;
      • Osaka Itami: 139,000.

*Based on the average conversion rate at USD1 = JPY98.84