Queenstown Airport EBITDA up 9% in FY2019

Queenstown Airport Corporation (QAC) reported (21-Aug-2019) the following financial highlights for the 12 months ended 30-Jun-2019:

• Total revenue: NZD49.6 million (USD33.2 million), +8.7% year-on-year;
  • Contracts with customers: NZD35.5 million (USD23.8 million), +9.8%;
    • Scheduled airlines and General aviation: NZD29.1 million (USD19.4 million), +9.3%;
    • Parking: NZD3.5 million (USD2.3 million), +11.6%;
  • Lease rental: NZD13.8 million (USD9.3 million), +11.5%;
• EBITDA: NZD34.3 million (USD23.0 million), +9%;
• Net profit: NZD16.6 million (USD11.1 million), +11.0%;
• Total assets: NZD371.1 million (USD248.1 million);
  • Cash and cash equivalents: NZD909,000 (USD608,000);
• Total liabilities: NZD87.0 million (USD58.1 million). [more - original PR]

*Based on the average conversion rate at USD1 = NZD0.6686