Christchurch Airports non-aero focus pays off in challenging year
Christchurch International Airport Ltd (CIAL) reported a 2.2%
lift in net income, boosted by investment property revaluation gains of NZD4.1
million (following the adoption of international financial reporting standards).
Excluding these gains and the impact of a change in the deferred tax rate to
30%, the company’s net profit for the period would have fallen 21%. [235 words]