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 presents the Market Outlook/Market at Midday and the Market wrap. She also presents ASX company news and interview CEOs. She joined FNN in January 2017. She has been in broadcast journalism for over six years. She has worked as a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She has also worked in regional Australia for Prime 7 and WIN News. She has also worked as a qualified financial planner.