Shanghai International Airport Co. Ltd. said its normalized net income for the second quarter was 26 fen per share, compared with the S&P Capital IQ consensus estimate of 30 fen per share.
EPS increased 25.5% year over year from 21 fen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 514.2 million yuan, a gain of 27.8% from 402.5 million yuan in the year-earlier period.
The normalized profit margin increased to 32.7% from 29.0% in the year-earlier period.
Total revenue grew 13.2% year over year to 1.57 billion yuan from 1.39 billion yuan, and total operating expenses climbed on an annual basis to 899.2 million yuan from 871.1 million yuan.
Reported net income increased 28.0% from the prior-year period to 664.1 million yuan, or 34 fen per share, from 518.7 million yuan, or 27 fen per share.
As of Aug. 27, US$1 was equivalent to 6.41 yuan.
