Sydney Airport reports profit surge

Company News


Sydney Airports (ASX:SYD) has recorded a net profit of $134.6 million for the first half of financial year 2015. 
 
The result is a 150 per cent increase on last year’s figures. 
 
Total revenue increased 4.6 per cent in the first half to $594.7 million, with growth across all businesses. 
 
The airport says international passenger numbers for July were very strong increasing 4.7 per cent on the previous corresponding period; domestic numbers were up 4 per cent. 
 
Sydney Airport has also announced a landmark 10-year deal with Qantas, whereby the airline will transfer control of terminal three in Sydney back to the airport from the start of September. 

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