20 Feb 2014

Auckland airport soars to record profit

4:51 pm on 20 February 2014

Auckland International Airport lifted its first-half profit by nearly 12 percent to a record level and has raised its guidance for the full-year result.

Net profit for the six months ended December rose to $86 million from $77 million in the same six months a year earlier.

Underlying profit was up a slightly stronger 14 percent and the airport expects the full-year result to be between $166 and $172 million, up from between $160 and $170 million previously.

The consensus among analysts was for a $169 million full-year result.

Chief executive Adrian Littlewood says growth has been a little stronger than expected, and chairperson Sir Henry van der Heyden says the strategic plan Faster, Higher, Stronger is progressing well.