Xiamen Airport reports double digit profit growth in 2011

China's Xiamen Airport revenue up 19% - financial highlights for 12 months ended 31-Dec-2011 (according to Chinese Accounting Standards):

• Total operating revenue: CNY995.4 million (USD154.2 million), +18.7% year-on-year;
  • Aviation: CNY663.0 million (USD102.7 million), +19.9%;
  • Lease and license: CNY206.0 million (USD31.9 million), +20.9%;
  • Cargo terminal and cargo services: CNY82.8 million (USD12.8 million), +9.2%;
  • Ground handling: CNY9.1 million (USD1.4 million), +12.8%;
• Operating profit: CNY456.4 million (USD70.7 million), +17.6%;
• Net profit: CNY326.3 million (USD50.5 million), +16.5%;
• Total assets: CNY2249 million (USD348.4 million), +16.5%;
• Total liabilities: CNY188.7 million (USD29.2 million), +0.6%;
• Passenger numbers: 15.8 million, +19.3%;
• Cargo volume: 260,600 tonnes, +6.1%;
• Aircraft movements: 135,600, +16.3%.

*Based on the average conversion rate at USD1 = CNY6.4554 for the period