23-Oct-2014 11:40 AM
Shenzhen Airport expects 27%-74% decline in 3Q2014 profit due to costs associated with new terminal
China's Shenzhen Airport stated (15-Oct-2014) it expects to report between a 27% to 74% year-on-year decline in net profit to between CNY39.7 million (USD6.5 million) and CNY110.7 million (USD18.0 million) in 3Q2014. The airport said the profit decline is due to a "substantial increase in depreciation costs, operating costs and financial expenses" relating to the opening of the airport's new terminal in late 2013. [more - original PR - Chinese]