Beijing Capital International Airport reports strong profit growth in 2011

China's Beijing Capital International Airport Co revenue up 13% - financial highlights for 12 months ended 31-Dec-2011:

• Total revenue: CNY6500 million (USD1007 million), +12.5% year-on-year;
  • Aeronautical: CNY3806 million (USD589.6 million), +6.9%;
  • Non-aeronautical: CNY694 million (USD417.3 million), +21.6%;
• Operating profit: CNY2073 million (USD418.7 million), +45.7%;
• Net profit: CNY1114 million (USD172.6 million), +87.2%;
• Total assets: CNY33,899 million (USD5251 million), -3.1%;
• Cash and cash equivalents: CNY948.5 million (USD146.9 million), +7.5%;
• Total liabilities: CNY19,427 million (USD3009 million), -9.8%;
• Passenger numbers: 78.7 million, +6.4%;
  • Domestic: 61.1 million, +7.7%;
  • International: 17.6 million, +2.1%;
• Cargo volume: 1.6 million tonnes, +5.7%;
  • Domestic: 926,681, +4.3%;
  • International: 713,566, +7.6%;
• Aircraft movements: 533,257, +3.0%;
  • Domestic: 419,015, +2.0%;
  • International: 114,242, +6.9%. [more - original PR]

*Based on the average conversion rate at USD1 =CNY6.4554 for the period

Beijing Capital International Airport: "In 2012, due to the influence of macroeconomic conditions, the global civil aviation industry has seen a sign of slow growth. However, as China is still at a significant strategic stage for further development, the economy is developing optimistically and its national economy will maintain a steady and rapid growth momentum. Therefore, relying on its strategic position, location advantages, and relatively stable market demands, Beijing Capital Airport will remain on track to a steady and robust growth in 2012," Company statement. Source: Beijing Capital International Airport Co, 30-Mar-2012.