21 Aug 2013

$178m annual profit at Auckland airport

11:44 am on 21 August 2013

Auckland International Airport Ltd has reported a $178 million annual net profit, up 25%.

The company attributes the increase to higher passenger numbers but says it expects slower growth in the current year.

Underlying net profit was $154 million for the 12 months ended June, up nearly 11% on the previous year.

In February, the airport said to expect a net profit before significant one-offs between $145 - $153 million. However, operating profit was up 4% at $319 million.

Chief executive Adrian Littlewood is forecasting an underlying net profit between $160 - $170 million for the current 12 months.