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 joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.