TABLE-Shanghai Intl Airport 2007 net up 12 pct
March 28 (Reuters) - Year ended Dec. 31, 2007.
(in millions of yuan unless stated, against 2006 figures):
2007 2006
Turnover 3,144.25 vs 2,959.49
Net profit 1,694.98 vs 1,513.21
Earnings per share (yuan) 0.880 vs 0.785
Assets per share (yuan) 5.996 vs 5.267
Company: Shanghai International Airport Co (600009.SS), is
the operator of Pudong International Airport, the country's
second-busiest airport.
Note: The company published audited results, compiled under domestic accounting standards, in the Shanghai Securities News on Friday.
Shanghai International Airport attributed the higher earnings to robust air traffic, with passenger volume rising 7.96 percent last year to 28.92 million, while cargo volume was up 18.05 percent at 2.56 million tonnes.
On Wednesday, Pudong Airport added a second terminal and a third runway, part of a 19.7 billion yuan ($2.81 billion) expansion scheme which will boost its passenger capacity to 80 million and cargo capacity to 5.7 million tonnes by 2015.
Shanghai International Airport said last week that a new fee structure, which took effect on March 1, would reduce its income by about 10 percent.
China's aviation regulator announced in January that the country's airports would be required to cut landing and take-off fees for foreign airlines, to bring them into line with fees paid by Chinese airlines and improve the competitiveness of the airport industry. ($1=7.010 yuan) (Reporting by Fang Yan in Shanghai; Editing by Edmund Klamann)
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