Shanghai International Airport Co. Ltd. said its first-quarter normalized net income was 24 fen per share, compared with the S&P Capital IQ consensus estimate of 31 fen per share.
EPS rose 20.5% year over year from 20 fen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 454.0 million yuan, an increase of 16.9% from 388.3 million yuan in the prior-year period.
The normalized profit margin increased to 32.1% from 28.5% in the year-earlier period.
Total revenue grew 11.9% on an annual basis to 1.52 billion yuan from 1.36 billion yuan, and total operating expenses climbed 9.8% from the prior-year period to 920.7 million yuan from 838.4 million yuan.
Reported net income grew 23.1% from the prior-year period to 627.5 million yuan, or 33 fen per share, from 509.6 million yuan, or 26 fen per share.
As of April 27, US$1 was equivalent to 6.22 yuan.