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...

More Markets

Hallenstein stars as NZ stocks drift lower
Markets Market Close

Hallenstein stars as NZ stocks drift lower

The S&P/NZX 50 Index was 42.06 points or 0.32% lower at 13,111.73.

Jamie Gray 26 Sep 2025
Trump to slap new tariffs on pharma
Markets

Trump to slap new tariffs on pharma

Levies on drugs will be imposed on companies that aren’t building plants in the US.

2 Cheap Cars signals branding gear change to chase Turners
Markets

2 Cheap Cars signals branding gear change to chase Turners

At the AGM, a shareholder cited Turners' “very aggressive marketing strategy”.

Gregor Thompson 26 Sep 2025
Hallenstein Glasson reports sales hike to start year
Retail

Hallenstein Glasson reports sales hike to start year

Hallenstein Glasson has reported an early-year sales lift linked to continued growth in its Australian Glassons segment.The clothing retailer reported its full-year earnings for the year to Aug 1 on Friday. Net profit after tax lifted 12.1% to $58.4 million and was at the top end...

Gregor Thompson 26 Sep 2025