Christchurch Airport reports 11% EBITDA growth in FY2016, record dividend

Christchurch Airport revenue up 5% - financial highlights for 12 months ended 30-Jun-2016:

• Operating revenue: NZD170 million (USD113.5 million), +5.4% year-on-year;
• EBITDA: NZD103 million (USD68.8 million), +10.6%;
• Net profit: NZD43 million (USD28.7 million), +9.6%;
• Dividends: NZD31 million (USD20.7 million), +51.4%;
• Passenger numbers: 6.3 million. [more - original PR]

*Based on the average conversion rate at NZD1 = USD0.667932

Christchurch Airport: "The business has grown, developed strategically and built greater resilience in recent years, plus the outlook is positive - all of which gave the Board confidence to lift on-going dividend pay-outs to 90%," David Mackenzie, Chairman. Source: Company statement, 06-Sep-2016.