SYDNEY Airports Corporation has reported a 13.1 per cent increase in first quarter earnings amid a "strong rebound" in passenger traffic.
Sydney Airport posted earnings before interest, tax, depreciation and amortisation (EBITDA) of $187.06 million in the three months to March 31, up from $165.34 million in the prior corresponding period.
Revenue increased by 11.7 per cent to $228.61 million, the company said in a statement today.
Sydney Airport chief executive Russell Balding said it was an "encouraging result".
Mr Balding said total traffic rose by 9.4 per cent in the March quarter, compared with the prior corresponding period, with the number of international travellers up 12.1 per cent.
"Total revenue growth of 11.7 per cent over the pcp was mainly driven by a strong traffic rebound in the quarter and in particular the strong growth in international traffic," Mr Balding said in a statement.
Start of sidebar. Skip to end of sidebar.
End of sidebar. Return to start of sidebar.
"As traffic recovers, passengers are benefiting from the substantial investment in improved facilities which has been made over the last two years."
Stock market on best roll since ‘07Microsoft quarterly net profit up 35pc
