Auckland International Airport first half profits up

Company News

by Jessica Amir

Auckland International Airport (ASX:AIA) has seen a 8 per cent lift in underlying profit to $133 million in the six months to December 2017.

Revenue climbed 7 per cent to $332 million. This is reportedly driven by passenger growth and increasing runway movements.

Its earnings before interest, tax, depreciation, fair value adjustments and investments in associations (EBITDAFI) rose 6 per cent to $250 million.

The company’s dividend per share rose 7.5 per cent to 10.75 cents.

Shares in Auckland International Airport (ASX:AIA) are trading 3.3 per cent higher at $6.04. 

Jessica Amir

Finance News Network
Jessica is 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.