29-Nov-2011 12:33 PM

Hong Kong Airport Authority EBITDA up 16% in 1HFY2012

Hong Kong Airport Authority revenue up 15% – financial highlights for six months ended 30-Sep-2011 (according to Hong Kong Accounting Standards):

  • Revenue: USD759.6 million, +15.1% year-on-year;
    • Retail licences and advertising: USD275.0 million, +28.1%;
    • Airport charges: USD223.5 million, +9.1%;
    • Airside support services franchises: USD117.5 million, +9.6%;
  • EBITDA: USD516.1 million, +16.0%;
  • Net profit: USD312.0 million, +24.0%;
  • Passenger numbers: 27.6 million, +6%;
  • Cargo volume: 2 million tonnes, -7%;
  • Aircraft movements: 168,160, +9%;
  • Total assets: USD6439 million, -0.5% when compared to period ended 31-Mar-2011;
  • Cash and bank balances: USD123.9 million, +21.7% when compared to period ended 31-Mar-2011;
  • Total liabilities: USD1845 million, +2.4% when compared to period ended 31-Mar-2011. [more – original PR]

*Based on the conversion rate at USD1 = HKD7.79508

Airport Authority Hong Kong: "Although some economists believe that an economic recession appears probable in the near term, we are optimistic about the long-term prospects of HKIA [Hong Kong International Airport] as Hong Kong further integrates with the Mainland, which is the powerhouse of global economic growth,” Stanley Hui, CEO. Source: Airport Authority Hong Kong, 28-Nov-2011.