Infratil revenue up 5.9%, EBITDAF up 2% in FY2010: Airport Share Wrap
The company turned around its net loss of USD133.0 million in the year ended 31-Mar-2009 to a USD20.2 million profit in the year ended 31-Mar-2010.
Wellington Airport reported an 8.8% revenue increase to USD72.8 million, while EBITDAF climbed 3.0% to USD47.4 million. Domestic passenger numbers at Wellington Airport dipped 3.3% to 4.5 million, while international passengers rose 2.6% to 626,646. Infratil stated that while passenger numbers at Wellington Airport declined, EBITDAF increased due to higher income from passenger services and aeronautical charges.
Elsewhere, Hochtief led the way down, slumping 7.7% yesterday. The company released the following financial highlights for the three months ended Mar-2010:
- Revenue: EUR4,448 million, +1.0% year-on-year;
- Profit before tax: EUR120.5 million, +2.5%;
- Profit after tax: EUR82.0 million, +4.2%:
- Net profit: EUR34.1 million, -11.8%.
Hochtief stated, "not least in light of the large order backlog and the opportunities available, the Group reaffirms its guidance for fiscal 2010 while its medium-term target remains a pretax profit of EUR1 billion".
Selected airports daily share price movements (% change): 17-May-2010