Free Resources

CAPA now offers an extensive range of top line industry analysis and resources available for free download!

Aviation Analyst

CAPA Analysis Reports

CAPA Presentations

Shenzhen Airport reports 29% increase in first half net profit

CAPA > Aviation Analysis > Shenzhen Airport reports 29% increase in first half net profit

2nd August, 2010

Shenzhen Airport has reported a 29.6% increase in net profit for the six months ended 30-Jun-2010 to USD53.7 million, although its share price eased 0.2% on Friday.

Shenzhen Airport’s financial highlights for the period, according to Chinese Accounting Standards, were as follows:

Revenue: USD135.4 million, +16.3% year-on-year;
- Aeronautical: USD88.5 million, +15.7%;
Operating costs: USD63.0 million, +14.0%;
Operating profit: USD67.7 million, +29.6%;
Net profit: USD53.7 million, +29.0%;
Total assets: USD898.8 million, +6.0% when compared with period ended 31-Dec-2009.

The airport will open a new runway and terminal in 2011 or 2012. See related report: China’s second tier airports: It’s where the action is!

Elsewhere, Guangzhou Airport fell 0.6% and Beijing Airport was flat on Friday.

Selected airports daily share price movements (% change): 30-Jul-2010