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Mexico airport operator Asur reports lower quarterly profit
April 22, 2013 / 1:55 PM / in 4 years

Mexico airport operator Asur reports lower quarterly profit

MEXICO CITY, April 22 (Reuters) - Mexican airport operator Grupo Aeroportuario del Sureste, which operates Cancun airport and eight others in Mexico’s southeast, said on Monday its first-quarter profit fell 9.6 percent, hurt by a jump in taxes that offset higher revenue.

The company, known locally as Asur , earned 486.6 million pesos ($39 million) in the quarter, compared with 538 million pesos during the first quarter of 2012.

Core profit, or earnings before interest, taxes, depreciation and amortization, rose 10.7 percent to 828.5 million pesos. Asur said revenue rose 6.9 percent to 1.375 billion pesos for the quarter, helped by a 8.5 percent increase in passenger traffic from the year-earlier period.

Asur said in February that Aerostar Airport Holding, which it partly owns, won approval from the U.S. Federal Aviation Administration for a 40-year lease to operate Puerto Rico’s biggest airport.

Asur shares were down 3 percent at 160.90 pesos in morning trading.

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