28-Jun-2012 1:44 PM

Hong Kong Airport reports double digit revenue, profit growth for second consecutive year in FY2012

Airport Authority Hong Kong revenue up 15% - financial highlights for 12 months ended 31-Mar-2012:

  • Revenue: HKD12,154 (USD1563 million), +14.8% year-on-year;
    • Retail licences and advertising revenue: HKD4495 million (USD578.0 million), +25.5%;
    • Airport charges: HKD3495 million (USD449.4 million), +7.9%;
    • Airside support services franchise: HKD1896 million (USD243.8 million), +11.9%;
    • Security charges: HKD894 million (USD114.9 million), +7.3%;
    • Other terminal commercial revenue: HKD883 million (USD113.5 million), +11.2%;
    • Real estate: HKD205 million (USD26.4 million), +12.0%;
  • Net profit: HKD5340 million (USD686.6 million), +32.2%;
  • Passenger numbers: 54.9 million, +6.6%;
  • Cargo volume: 3.9 million tonnes, -5.9%;
  • Total assets: HKD51,449 million (USD6615 million), +2.0%;
  • Cash and bank balances: HKD1780 million (USD228.9 million), +124.2%;
  • Total liabilities: HKD12,686 million (USD1631 million), -9.7%. [more - Original PR]

*Based on the average exchange rate at USD1 = HKD7.7773 for the period

Airport Authority Hong Kong: "All three of our air traffic categories in 2011/2012 surpassed our 20-year forecast by two to three years. In addition to its top rankings in international cargo and passenger volumes, HKIA has been the world's busiest cargo airport for the second consecutive year and, for the first time, a top 10 busiest passenger airport in the world. Although the sluggish global economic growth and the Eurozone crisis continue to cast an uncertain shadow over the global economy, we are confident in HKIA's long-term air traffic demand,” Stanley Hui, CEO. Source: Company statement, 27-Jun-2012.

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