13-May-2016 9:54 AM
Greater Toronto Airports Authority reports profit in 1Q2016
Greater Toronto Airports Authority revenue up 6% - financial highlights for three months ended 31-Mar-2016:
- Revenue: CAD303.7 million (USD221.4 million), +6.4% year-on-year;
- Profit before interest and financing costs: CAD90.4 million (USD65.9 million);
- Net profit: CAD4.0 million (USD2.9 million), compared to a loss of CAD1.2 million (USD0.9 million) in p-c-p;
- Passenger numbers: 9.9 million, +5.7%;
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- Domestic: +6.1%;
- International: +5.4%. [more - original PR]
*Based on the average conversion rate at CAD1 = USD0.728884
The Greater Toronto Airports Authority: "Toronto Pearson's continued growth is reflective of the economic strength of the region. Our financial position is strong and we continue to pay down debt while enhancing the passenger experience such as additional self-serve options," Howard Eng, President and CEO. Source: Company statement, 12-May-2016.