Auckland Posts Profit

Auckland International Airport Ltd has posted increased profits for the six months ending December 31, 2011. (KEY-Tom Allett)

Auckland International Airport Ltd has posted increased profits for the six months ending December 31, 2011. (KEY-Tom Allett)

Auckland International Airport Ltd (AIAL), the company running New Zealand’s biggest gateway, has announced a 5.5% rise in first-half profits in the six months ending on December 31, 2011. 
AIAL’s net profit climbed to NZ$69 million (US57.6m), or NZ$5.22 (US$4.36) a share, in the six months ended December 31, from NZ$65.5 million (US$54.7m), or NZ$4.99 (US$4.17) a year earlier.
A company statement said that sales climbed 8.95% to NZ$215.9 million (US$180m), while costs – mainly attributed to work carried out in preparation for the Rugby World Cup – rose 15% to NZ$54.5 million (US$45.5m).
Retail sales produced the biggest individual contribution to the positive results, up 13% to NZ$61.8 million (US$51.6m).
During the same period, international passenger figures rose 6.5% to 3.96 million while domestic passengers were up 0.9% to 3.13 million.