Strong year for Auckland Airport

JOHN ANTHONY
Last updated 09:15 26/08/2014
AIA 6.895 0.08 1.10%
AIA

Click for a detailed chart

Relevant offers

Industries

Pre-employment drug testing shows increase in meth use by professionals New rules forcing banks to alert police to transactions worry rights group Construction industry has 'room' for third player of scale: experts The slow demise or temporary slump of New Zealand's oil and gas industry Retirement village investment in its infancy but demand's set to grow Government wants Free Trade Agreements to cover 90 per cent of exports David Walsh named new chief executive of NZ Post Construction of cellphone tower on footpath sparks controversy Vodafone and Spark in takeover tussle over TeamTalk How Toyota poured 500 years of work into its new campus - during a labour shortage

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