Thursday, October 26, 2006

Auckland Airport looks to India, China for more passengers

Auckland International Airport's net profit is expected to remain flat this year, but the company is promising improved earnings thanks to the growth of new markets such as India and China.
Revenue was up 8.3 per cent, at $77.1 million, for the three months to September, with trading profit (before interest, tax, depreciation and amortisation) also up 8 per cent, at $60.8 million.
However, net profit was down slightly, from $24.9 million last year to $24.2 million.
, mostly because of lower passenger numbers and higher depreciation and interest costs, the company said.
New services were expected to stimulate demand and there were compelling signs of growth from markets such as China and India, he said.
26/10/06 Owen Hembry/New Zealand Herald, New Zealand
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