Strong year for Auckland Airport

JOHN ANTHONY
Last updated 09:15 26/08/2014
AIA 5.590 0.00 0.00%
AIA

Click for a detailed chart

Relevant offers

Industries

Auckland's commercial property continues to be under pressure: JLL E-commerce could be Kiwi firms' big chance in China Cruise ship Azamara Quest 'hit rocks in Marlborough' Contactless payments on the rise Move over Australia, Kiwi companies are coming through Hallenstein Glasson profit warning shows local retailers' struggling: analyst Obama pushes for new tax on oil to fund switch to green-tech Use of Maori culture in 2 Cheap Cars' Waitangi Day ad questioned Duck eggs hatch into growing business for Taranaki couple Domestic manufacturing sales increase but downturn in dairy prices could begin to bite

Auckland Airport has increased profit by 21 per cent on last year as it focuses on growing travel markets and invests in retail, property and infrastructure.

The national gateway reported a $215.9 million profit after tax for the year to June 30 on revenue of $475.8m up 6.1 per cent.

Shareholders will be paid a final dividend 7 cents a share up 12 per cent.

Total passenger movements were up 3.8 per cent to 15.1m, with international passengers up 5.1 per cent to 8.2m and domestic passengers up 2.2 per cent to 6.9m.

Auckland Airport chairman Sir Henry van der Heyden said revenue growth was achieved through strong performances in the company's aeronautical business as well as in its property and car parking operations.

The airport's 2015 underlying net profit was expected to be between $160m and $170m excluding any fair value changes and other one-off items, Henry said.

more to come

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content