19 Feb 2016

Auckland Airport first half profit, revenue up

10:07 am on 19 February 2016

Auckland International Airport first half net profit rose by a quarter, lifted by growth across all parts of its business.

The company posted a profit of $115.8 million in the six months ended in December compared with $92.8m the year earlier.

Revenue is up almost 12 percent to $280.6m underpinned by new routes, new airlines and increasing passenger numbers, which rose 7 percent.

The strong momentum has seen Auckland Airport increase its underlying profit guidance for the full year ending in June, to between $200m and $206m.

The company has increased its interim divided payout to shareholders by 1.2 cents per share to 8.5 cents per share.