GVK Power and Infrastructure reports 2.2% revenue increase; MAp PAX down 9.6%

India’s GVK Power and Infrastructure (+2.6%), which manages Mumbai International Airport Ltd and Bangalore International Airport Ltd, reports the following financial highlights for the three months ended 30-Sep-2010:

  • Revenue: USD113.6 million, +2.2% year-on-year;
  • Operating profit: USD35.1 million, +3.3%;
  • Airports: USD5.0 million, +64%;
  • Net profit: USD9.7 million, -3%;
  • Airport passenger numbers: +13% to +14%;
  • Aircraft movements: +13% to +14%;
    • *Based on the conversion rate at USD1 = INR44.31

See related CAPA profile: Financial results

Australia’s MAp (+0.7%) released (02-Nov-2010) the following financial highlights for the nine months ended 30-Sep-2010:

  • Proportionate earnings: USD319.3 million, +19.5% year-on-year;
  • EBITDA**: USD589.9 million, +15.7%;
  • ASUR sale proceeds: USD227.1 million, equivalent to 12.5% per stapled security;
  • Passenger numbers: 31.2 million, -9.6%.

*Based on the conversion rate at USD1 = AUD1.0129
*After corporate expenses

MAp also stated its earnings per stapled security for the nine months were AUD0.174, up 9.5% on the prior corresponding period.

Selected airports daily share price movements (% change): 01-Nov-2010