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23-Aug-2016 12:53 PM

Sydney Airport reports 10% EBITDA growth in 'successful' 1H2016

Sydney Airport revenue up 11% – financial highlights for six months ended 30-Jun-2016:

  • Total revenue: AUD661.9 million (USD485.8 million), +11.3% year-on-year;
    • Aeronautical: AUD294.1 million (USD215.8 million), +19.0%;
    • Aeronautical security: AUD43.2 million (USD31.7 million), +4.9%;
    • Retail: AUD142.3 million (USD104.4 million), +9.5%;
    • Property and car rental: AUD103.2 million (USD75.7 million), +2.2%;
    • Parking and ground transport: AUD75.4 million (USD55.3 million), +4.4%;
  • EBITDA: AUD536.1 million (USD393.4 million), +9.8%;
  • Net profit: AUD159.6 million (USD117.1 million), +19.2%;
  • Passenger numbers: 20.3 million, +6.7%;
    • Domestic: 13.0 million, +5.3%;
    • International: 7.2 million, +9.3%;
  • Total assets: AUD12,311 million (USD9035 million);
  • Cash and cash equivalents: AUD473.3 million (USD347.4 million);
  • Total liabilities: AUD11,204 million (USD8222 million).

*Based on the average conversion rate at AUD1 = USD0.733897

Sydney Airport: “It’s been a very successful half year, and we are making excellent progress in delivering on our key strategic, operational and financial targets,” Kerrie Mather, CEO and MD. Source: Company statement, 18-Aug-2016.

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