Sydney Airport raises earnings 3.5pc
Sydney Airport, which is majority owned by MAp Airports, has reported a 3.5 per cent lift in earnings for the nine months to September, buoyed by a solid third quarter.
Sydney Airport said earning before interest, tax, depreciation and amortisation was $496.4 million for the nine months to September 30, up from $479.5 million in the prior corresponding period.
Revenue rose 2.8 per cent to $616.5 million in the nine months.
For the three months to the end of September, Sydney Airport posted a 6.3 per cent lift in EBITDA, while revenue was up 4.6 per cent, as air traveller numbers picked up.
Sydney Airport chief executive Russell Balding said the airport had achieved a sound result in the first nine months, but even more pleasing was the growth over the third quarter.
"Against a very challenging global backdrop for the aviation industry, Sydney Airport recorded positive traffic growth during the quarter with both international and domestic traffic contributing to the result," Mr Balding said in a statement.
Sydney Airport reported a five per cent rise in total passenger traffic for the September quarter, compared to the same quarter last year.
