GMR Infrastructure shares surge, Mexican traffic sluggish in Jan-2011


India’s GMR Infrastructure reported revenue for the three months ended 31-Dec-2010 was up 27% to USD298.1 million, although the company reported a net loss of USD11.4 million, compared with a profit of USD6.8 million in the same period last year. EBTIDA rose 10% to USD83.6 million.

The company’s airport segment reported revenue growth of 18.9% to USD38.2 million. Passenger numbers at Hyderabad Airport rose 17.5% in the three-month period, while Delhi Airport traffic increased 12.5% for the nine months ended 31-Dec-2010. Cargo volume at Delhi rose 23%.

Shares in GMR Infrastructure ended the day 13.5%. Shares in GVK Infrastructure were up 2.2%.

Mexico’s ASUR reported Jan-2011 passenger traffic was stable, with domestic traffic down 2.3%, but international traffic increasing 1.2%. Fellow Mexican airport operator GAP reported traffic fell 1.9% in the first month of 2010. Domestic traffic eased 0.4% but international traffic was down by 4%.

Selected airport daily share price movements (% change): 10-Feb-2011


Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More