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15-May-2012 2:33 PM

Narita International Airport Corporation profits down in FY2011, FY2013 pax growth of 20% forecast

Japan’s Narita International Airport Corporation revenue down 8% – financial highlights for 12 months ended 31-Mar-2012:

  • Revenue: JPY173,513 million (USD2197 million), -7.6% year-on-year;
    • Airport: JPY97,700 million (USD1237 million), -7.2%;
  • Operating profit (loss): JPY21,324 million (USD270.0 million), -33.4%;
    • Airport: (JPY1581 million) (USD20.0 million), compared to a profit of JPY4759 million (USD60.3 million) in p-c-p;
  • Net profit: JPY3555 million (USD45.0 million), -64.3%;
  • Passenger numbers: 28.9 million, -11.3%;
    • Domestic: 1.9 million, +13.9%;
    • International: 26.9 million, -12.7%;
  • Cargo volume: 1.9 million tons, -6.7%;
  • Aircraft movements: 187,000, -2.2%;
    • Domestic: 23,000, +16.8%;
    • International: 164,000, -4.4%;
  • Total assets: JPY902,566 million (USD11,429 million), -3.5%;
  • Cash and cash equivalents: JPY28,489 million (USD361 million), +2.0%;
  • Total liabilities: JPY666,218 million (USD8436 million), -4.8%;
  • FY2013 forecast:
    • Passenger numbers: 34.7 million, +20.2%;
      • Domestic: 4.2 million, +18.2%;
      • International: 30.5 million, +13.2%;
    • Cargo volume: 1.9 million tons, -1.3%;
    • Aircraft movements: 215,000, +14.7%;
      • Domestic: 40,000, +73.4%;
      • International: 175,000, +6.5%.

*Based on the average conversion rate at USD1 = JPY78.97 for the period

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