FIRST CUT: Auckland Airport lifts 2018 profit, expects "moderate" gains in 2019

Wed, 22 Aug 2018

By Sophie Boot Aug. 23 (BusinessDesk) - Auckland International Airport lifted underlying profit in 2018 and expects further uplift in 2019 as it spent more on redevelopment. Net profit nearly doubled to $650.1 million in the year to June 30, though that was boosted by the sale of the airport's stake in North Queensland Airports, worth A$370 million. Underlying profit rose 6.2 percent to $263.1 million, on an 8.7 percent lift in revenue to $683.9 million. The airport is anticipating moderate underlying profit growth in 2019, between $...

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