Sydney Airport earns $1.36B revenue in FY16

Company News

by David Chau

Sydney Airport (ASX:SYD) posted quite an impressive set of 2016 full year results.

Last year, the company had record passenger numbers, with its aeronautical revenue gaining 17.4% to $614.2 million. This was due to technology improvements and greater capacity. The company’s aeronautical revenue accounts for 51% of its total revenue.

In the the 12 months ending 31 December 2016, the company earned $1.36 billion in total revenue - which is 11% higher than the previous year.

As for its statutory profit after tax, it rose 13.4% to $320.9 million.

In total, the company paid a total distribution of 31 cents per stapled security for the 2016 full year. Its final distribution of 16 cents was paid a few days ago on 14 February.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.