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

Tue, 20 Aug 2013

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...

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