26-Aug-2011 11:42 AM

Changi Airport Group EBITDA up 14% in FY2011

Singapore’s Changi Airport Group revenue up 14% – financial highlights** for the 12 months ended 31-Mar-2011:

  • Revenue: USD1203 million, +13.5% year-on-year;
  • EBITDA: USD510.6 million, +14.3%;
  • Profit before tax: USD338.5 million, +12.7%;
  • Profit after tax: USD278.9 million, +11.2%;
  • Passenger numbers: 43.0 million, +11.3%;
  • Cargo volume: 1.8 million tonnes, +7.3%;
  • Aircraft movements: 271,000, +10.2%. [more]

*Based on the conversion rate at USD1 = SGD1.20844
**The company was incorporated on 16-Jun-2011 and commenced operations on 01-Jul-2011. Annualised figures are used for comparison purposes

Changi Airport Group: “The aviation sector is vulnerable to external factors and the industry outlook remains volatile given the uncertainty facing many of the world’s major economies. We expect passenger traffic growth to moderate in the current financial year,” Lee Seow Hiang, CEO. Source: Changi Airport Group, 25-Aug-2011.