28-Oct-2011 1:20 PM

Shanghai Airport reports increase in profitability in 3Q2011

China’s Shanghai Airport International Airport Company revenue up 6% – financial highlights for the three months ended 30-Sep-2011 (according to Chinese Accounting Standards):

  • Revenue: USD190.6 million, +5.5% year-on-year;
  • Operating profit: USD85.2 million, +6.0%;
  • Net profit: USD64.5 million, +2.8%;
  • Total assets: USD2906 million, +5.5% when compared to period ended 31-Dec-2010;
  • Total liabilities: USD515.6 million, -0.6% when compared to period ended 31-Dec-2010.

*Based on the conversion rate at USD1 = CNY6.3544