Auckland International Airport first half profits up

16/02/2018 10:53:00

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Auckland International Airport (ASX:AIA) has seen a 8 per cent lift in underlying profit to $133 million in the six months to December 2017.

Revenue climbed 7 per cent to $332 million. This is reportedly driven by passenger growth and increasing runway movements.

Its earnings before interest, tax, depreciation, fair value adjustments and investments in associations (EBITDAFI) rose 6 per cent to $250 million.

The company’s dividend per share rose 7.5 per cent to 10.75 cents.

Shares in Auckland International Airport (ASX:AIA) are trading 3.3 per cent higher at $6.04.