TABLE-Shanghai Intl Airport 2007 net up 12 pct

Thu Mar 27, 2008 10:20pm EDT
 
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 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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