GMR Infrastructure revenue up 27%, EBITDA up 10% in nine months to Dec-2010

India's GMR Infrastructure revenue up 27% - financial highlights for the three months ended 31-Dec-2010:

• Revenue*: USD298.1 million, +27% year-on-year;
  • Airports: USD137.3 million, +66.2%;
• EBITDA: USD83.6 million, +10%;
  • Airports: USD38.2 million, +18.9%;
• Profit (loss) before tax: (USD29.4 million, compared with a profit of USD9.8 million in p-c-p;
• Net profit (loss): (USD11.4 million) compared with a profit of USD6.8 million in p-c-p;
• Passenger numbers:
  • Hyderabad Airport: +17.5%;
• Nine months ended 31-Dec-2010:
  • Passenger numbers:
    • Delhi Airport: 21.7 million, +12.5%;
  • Cargo volume:
    • Delhi Airport: 450,000 tons, +23.2%. [more]

* Based on the conversion rate USD1 = INR45.62

GMR: "There has been significant growth in traffic at all our operating airports with the Sabiha Gokcen Airport in Istanbul recording a 75% growth. All these augur well for us to close the year on a positive note. The adverse impact of the rise in interest and depreciation costs due to commissioning of the Delhi Airport will be mitigated once the impending tariff revision process of this airport is concluded in the next few months," M Rao, Chairman. Source: GMR, 10-Feb-2011.