Auckland Airport boosts FY profit 25 percent as property values rise, ups dividend

Auckland Airport boosts FY profit 25 percent  as property values rise, ups dividend
By Paul McBeth Aug. 21 (BusinessDesk) - Auckland International Airport boosted annual profit 25 percent, beating estimates, as it reported increased passenger and plane numbers and a pick-up in the value of its property portfolio, and lifted its return to shareholders. Net profit rose to $178 million, or 13.5 cents per share, in the 12 months ended June 30 from $142.3 million, or 10.8 cents, a year earlier, the country’s main gateway said in a statement. That beat First NZ Capital’s forecast profit of $155.6 million. Income rose 5.1 percent...