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.

Jessica Amir

Finance News Network
Jessica is the head of news and a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.