03-May-2011 2:51 PM

OMA net profit falls 40% in first quarter

Mexican airport operator Grupo Aeroportuario del Centro Norte reported a 41% drop in first quarter net profit, as passenger numbers eased by 3.7%, falling 1.4% domestically and 12.1% internationally. Shares in OMA were down 1.9% on Monday.

OMA financial highlights for the three months ended 31-Mar-2011:

Total revenue: USD54.6 million, +2.4% year-on-year;
- Aeronautical: USD34.0 million, -1.2%;
  - Domestic passenger charges: USD19.4 million, +7.1%;
  - International passenger charges: USD7.3 million, -15.3%;
- Non aeronautical: USD11.8 million, +22.5%;
  - Construction revenue: USD8.8 million, -4.9%;
EBITDA: USD20.0 million, -11.1%;
Net profit: USD10.0 million, -41.0%;
Passenger numbers: 2.7 million, -3.7%;
Aircraft movements: 80,799, -3.8%;
Aeronautical revenue per passenger: USD12.64, +2.6%;

* Based on the conversion rate USD1 = MXN11.571

There was limited trading in airport shares on Monday, as markets in Hong Kong, Shanghai, Taipei, Singapore, Kuala Lumpur and Bangkok were closed for the Labour Day holiday.

Selected ABD daily share price movements (% change): 02-May-2011