Auckland Airport 1HFY2017 new profit increases 26%

Auckland Airport revenue up 11% – financial highlights for six months ended 31-Dec-2016:

• Revenue: NZD310.9 million (USD222.7 million), +10.8% year-on-year;
• • Airfield: NZD59.2 million (USD42.4 million), +17.9%;
  • Passenger services charge: NZD859 million (USD61.5 million), +13.8%;
  • Retail income: NZD80.7 million (USD57.8 million), +2.7%;
  • Rental income: NZD40.7 million (USD29.2 million), +14.3%;
  • Rates recoveries: NZD2.8 million (USD2.0 million), +3.7%;
  • Car park: NZD28.9 million (USD20.7 million), +11.2%;
• EBITDAFI: NZD235.9 million (USD169.0 million), +10.5%;
• EBITDA: NZD264.8 million (USD189.7 million), +13.7%;
• Net profit: NZD141.8 million (USD101.6 million), +25.5%;
• Total assets: NZD6259 million (USD4484 million);
• Cash and cash equivalents: NZD28.5 million (USD20.4 million);
• Total liabilities: NZD2320 million (USD1662 million). [more - original PR]

*Based on the average conversion rate at NZD1 = USD0.716405

Auckland Airport: “Looking ahead, Auckland Airport has an ongoing programme to upgrade both its aeronautical and transport infrastructure and is currently consulting with its airline partners on that programme and the setting of aeronautical prices for the 2018 ̶2022 financial years. This process is well underway and we will be announcing the revised pricing and infrastructure programme in the middle of this year once the consultation process has been completed,” Sir Henry van der Heyden, Chairman. Source: Company statement, 17-Feb-2017.