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29-Aug-2016 11:31 AM

Auckland Airport profit increase in FY2016

Auckland Airport revenue up 13% – financial highlights for 12 months ended 30-Jun-2016:

  • Revenue: NZD573.9 million (USD383.5 million), +12.9% year-on-year;
    • Retail income: NZD157.5 million (USD105.3 million), +19.3%;
    • Passenger services charge: NZD154.9 million (USD103.5 million), +9.9%;
    • Airfield: NZD103.4 million (USD69.1 million), +10.8%;
    • Rental: NZD74.7 million (USD49.9 million), +15.6%;
    • Car park: NZD52.1 million (USD34.8 million), +11.8%;
    • North Queensland Airports: AUD134.6 million (USD981 million), +5.6%;
    • Queenstown Airport: NZD31.5 million (USD21.1 million), +27.0%;
  • EBITDAFI: NZD430.3 million (USD287.6 million), +13.2%;
  • Net profit: NZD262.4 million (USD175.4 million), +17.4%;
  • Capital expenditure: NZD243.2 million (USD162.5 million).
  • Total assets: NZD6142 million (USD4104 million);
  • Total liabilities: NZD2261 million (USD1511 million). [more - original PR]

*Based on the average conversion rate at NZD1 = USD0.668274
*Based on the average conversion rate at AUD1 = USD0.728459

Auckland Airport: “Our continuing strong growth and performance means that we are confident that the company will continue to deliver strong financial results in the next 12 months. We expect underlying net profit after tax (excluding any fair value changes and other one-off items) for the 2017 financial year to be between $230 million and $240 million. This guidance would deliver an increase in underlying earnings per share of between 8.1% and 12.8%,” Sir Henry van der Heyden, Chairman. Source: Company statement, 29-Aug-2016.

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