Tuesday 13th May 2014
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Auckland International Airport Limited (NZX: AIA ) provides airport facilities and supporting infrastructure in Auckland, New Zealand. It offers airfield landing, passenger, terminal, airport retail concessions, car parking, utilities, and transport license services. The company also leases space for facilities, such as terminals and cargo buildings. In addition, it invests in stand-alone investment properties, including Cairns Airport and Mackay Airport in Queensland, Australia; and Queenstown Airport in New Zealand. The company serves 20 international airlines, as well as handles approximately 14 million passengers a year.
AIA listed in July 1998 following sale of the NZ Government's interest of 217million shares (51.6% of equity), at $1.80 per share.
Auckland International Airport’s (AIA) interim result for the six months to 31 December 2013 had the following highlights:
At the beginning of the 2014 financial year, AIA outlined its expectation that the net profit after tax (excluding any fair value changes and other one-off items) would be between $160 million and $170 million. However with the announcement of interim results AIA lifted its guidance for the full year to be between $166 million and $172 million which would be lower than previous year’s $177.97 million.
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Employees may have an interest in the securities discussed in this report.
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