Auckland airport net profit tumbles, while first dividend in three years takes off

Auckland airport net profit tumbles, while first dividend in three years takes off
There was a strong return to international travel through Auckland airport. (Image: Depositphotos)
Ella Somers
Auckland International Airport’s full-year net profit after tax saw a fall of 77% while its underlying profit boomed, leading to the airport announcing its first dividend in three years.Reported net profit saw a tumble to $43.2 million in the 2023 financial year, down 77% on the $191m in net profit that the airport saw in 2022 and a 90.7% plummet from the net profit result in 2021.On the other hand, underlying profit jumped to $148.1 million for the 12 months to June, up from a loss of $11.6m in 2022.In February, the airport iss...

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