Christchurch Airport lifts profit, pays record $31 mln dividend

Tue, 06 Sep 2016

By Sophie Boot Sept. 6 (BusinessDesk) - Christchurch International Airport, which is 75 percent owned by the city council, lifted annual profit 10 percent and increased its dividend payout to a record $31 million. Net profit rose to $43 million in the 12 months ended June 30, from $39 million a year earlier, the company said in a statement. Operating revenue rose 5.4 percent to $161 million, as earnings before interest, taxation, depreciation and amortisation gained 11 percent to $103 million. The airport will pay dividends of $31 mill...

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