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Shanghai International Airport Co. Q3 profit climbs 39.2% YOY

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According to Market Intelligence, February 2023

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Shanghai International Airport Co. Q3 profit climbs 39.2% YOY

Shanghai International Airport Co. Ltd. said its normalized net income for the third quarter was 40 fen per share, compared with the S&P Capital IQ consensus estimate of 43 fen per share.

EPS climbed 40.9% year over year from 28 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 760.7 million yuan, a gain of 39.2% from 546.5 million yuan in the prior-year period.

The normalized profit margin climbed to 36.0% from 29.8% in the year-earlier period.

Total revenue increased 15.2% on an annual basis to 2.11 billion yuan from 1.83 billion yuan, and total operating expenses grew 6.6% year over year to 1.16 billion yuan from 1.09 billion yuan.

Reported net income increased 42.7% on an annual basis to 996.3 million yuan, or 52 fen per share, from 698.1 million yuan, or 36 fen per share.

As of Oct. 27, US$1 was equivalent to 6.65 yuan.