Auckland Airport meets guidance with 11% gain in underlying earnings

Mon, 25 Aug 2014

By Jonathan Underhill Aug. 26 (BusinessDesk) - Auckland International Airport, the country’s main gateway, reported an 11 percent gain in full-year underlying earnings, broadly in line with guidance it gave in the first half, as aeronautical charges led a gain in revenue that outpaced growth in expenses. Underlying profit, which strips out changes to investment and derivative valuations, was $169.9 million in the 12 months ended June 30, from $153.8 million a year earlier, the Auckland-based company said in a statement. Sales rose 6.1 per...

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