Auckland Airport beats full-year guidance with 3.8% earnings gain, sees growth in 2016

Sun, 23 Aug 2015

By Jonathan Underhill Aug. 24 (BusinessDesk) - Auckland International Airport, the country's biggest gateway, beat its own guidance with a 3.8 percent gain in underlying annual earnings and said profit on that measure may rise as much as 8.3 percent in 2016. Underlying profit, which excludes some revaluations of property and derivatives, rose to $176.4 million in the 12 months ended June 30, from $169.9 million a year earlier, the Auckland-based company said in a statement. Sales rose 6.9 percent to $508.5 million. Earnings exceeded th...

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