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Macquarie Airports reports profits
Sydney Airport operator Macquarie Airports expects retail and parking spaces at its two biggest airports to help boost annual earnings, shrugging off the effect of higher fuel surcharges and tighter security.
The world’s number two publicly listed airport owner yesterday reported a 29.5 per cent increase in first half net profit to $203.7 million for 2006.
Reconfirming the trust’s distribution guidance, MAp chief executive Kerrie Mather said growth would pick up in the second half and the outlook was positive.
“We’re on track to achieve EBITDA [earnings before interest, tax, depreciation and amortisation] growth for the full year of nine to 10 per cent,” Ms Mather said.
“The outlook for MAp is positive and we believe our airports will continue to deliver sustainable and increasing growth through the second half of the year.”
Graham Muldoon
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