New Zealand Herald, 23 August 2017 – Auckland International Airport lifted annual profit 27 per cent with growth from domestic and international passengers, and expects underlying earnings growth in 2018.
Net profit rose to $332.9 million in the year ended June 30, from $262.4m a year earlier, the company said in a statement. Underlying earnings advanced 17 per cent to $247.8m on a 9.7 per cent revenue lift to $629.3m, while expenses rose 8.8 per cent to $156.2m.
The company expects underlying profit for 2018 between $248m and $257m, which would deliver underlying earnings per share growth of up to 3.7 per cent compared with the 2017 financial year’s underlying EPS of 20.8 cents, and would include the impact of its new aeronautical prices introduced in the financial year. Read more…
