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Reuters
Reuters
Business

Auckland International Airport half-year underlying profit up as passenger numbers jump

The International Departures terminal is pictured during fuel shortages at Auckland Airport in New Zealand, September 20, 2017. REUTERS/Nigel Marple

(Reuters) - New Zealand's biggest airport operator Auckland International Airport Ltd <AIA.NZ> said first-half underlying profit rose 8 percent as more passengers flew to the Pacific nation.

Underlying profit was NZ$133.1 million ($98.57 million) for the six months ended Dec. 31, the company said on Friday, compared to NZ$123.5 million in the prior corresponding period.

AIA declared an interim dividend of 10.75 New Zealand cents per share, up from 10 New Zealand cents a share in the previous first half. AIA has reaped the benefit of a tourism boom in geographically rugged, culturally ambitious New Zealand, sending international visitor numbers up 6 percent (excluding transit passengers) in the six-month period.

The company said revenue for the six-month period rose 7 percent to NZ$332.4 million.

It also said underlying profit after tax for the full year

would be between NZ$250 million and NZ$257 million.

(Reporting by Aaron Saldanha in Bengaluru; Editing by Byron Kaye and David Evans)

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