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26-Aug-2010 1:08 PM

Auckland International Airport reports revenue down by 1.4%

New Zealand’s Auckland International Airport revenue down 1.4% – financial highlights for the 12 months ended 30-Jun-2010:

  • Revenue: 254.6 million, -1.4% year-on-year;
    • Airfield: USD46.8 million, -5.3%;
    • Passenger services charge: USD51.4 million, +10.1%;
    • Terminal services charge: USD19.5 million, +1.3%;
    • Retail: USD67.2 million, -9.0%;
    • Property rentals: USD34.0 million, +1.2%;
    • Car parks: USD21.9 million, +5.7%;
  • Operating costs: USD60.9, million, -2.3%;
  • EBITDAFI: USD193.8 million, -1.1%;
  • Net profit: USD20.8 million, -28.8%;
  • Total assets: USD2,288 million, +5.6%;
  • Debt to debt plus equity: USD36.3%, -0.6 ppt;
  • Debt to enterprise value**: 30.8%, -4.5 ppts;
  • Capital expenditure: USD38.1 million, -38.0%;
  • Passenger numbers: 13.4 million, +3.8%;
    • Domestic: 6.0 million, +7.8%;
    • International: 7.4 million, +0.8%;
  • Aircraft movements: 154,971, -1.2%. [more]
  • *Based on the average conversion rate at USD1 = NZD1.42601 during the reporting period

Auckland Airport:The board is optimistic about the 2011 financial year, and expect net profit after tax (excluding any fair value changes and other one-off items) to be in the range of NZD112 million to NZD118 million, assuming international passenger growth in the order of 5%, and capital expenditure to be around NZD85 million, excluding yet to be committed property development,” Company statement. Source: Auckland International Airport, 26-Aug-2010.

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