Shares in MAp gained 1.0% on Friday, upon the release of its financial report for the three months ended 31-Mar-2010. Revenue from airport investments rose 8.7% year-on-year to AUD273 million (USD252.5 million), while operating expenses rose just 0.3% to AUD81.1 million (USD75.0 million).
EBITDA jumped 17.0% year-on-year in the period to AUD186 million (USD172 million), as passenger numbers increased 7.6% to 9.9 million. MAp CEO, Kerrie Mather, affirmed traffic growth is “firmly re-established” at its major airports, while earnings performance is benefiting from revenue enhancement and operational efficiency.
Queensland and Northern Territory airports reported double-digit growth in 1Q2010
Shares in Australian Infrastructure Fund were flat on Friday upon the release of the company’s traffic report for its investment airports for the three months ended 31-Mar-2010. Queensland Airports and Northern Territory Airports reported double-digit growth in the period, details include:
- Perth Airport:
- Passenger numbers: 2.6 million, +8.3% year-on-year;
- Melbourne Airport and Launceston Airport:
- Passenger numbers: 7.0 million, +7.1%;
- Queensland Airports Limited:
- Passenger numbers: 1.8 million, +11.1%;
- Northern Territory Airports:
- Passenger numbers: 563,000, +12.8%;
- Sydney Airport:
- Passenger numbers: 8.7 million, +9.4%.
The full financial/traffic reports for MAp and Australian Infrastructure Fund are featured in today’s edition of Airport Business Daily, sign up now for the latest strategic airports news updates.
Selected airports daily share price movements (% change): 30-Apr-2010