Sydney Airport profit and revenue rises HY17

Company News

by Jessica Amir

Sydney Airport (ASX:SYD) has announced its profit after tax attributable to shareholders rose 4.4 per cent to $167 million, for the six months to 30 June 2017 compared to the six months to 30 June 2016.

The international airport’s revenue rose 7.9 per cent to $714.2 million over the six months, compared to the prior half year.

Its earnings before interest and tax, depreciation and amortisation (EBITDA) rose 7.6 per cent coming in at $577 million in the half year to 30 June 2017.

The company declared an interim distribution of 16.5 cents per share fully franked.

Sydney Airport (ASX:SYD) are trading 1.9 per cent higher at $6.98.
 

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