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Shanghai International Airport Co. Q2 profit climbs 21.0% YOY

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Shanghai International Airport Co. Q2 profit climbs 21.0% YOY

Shanghai International Airport Co. Ltd. said its second-quarter normalized net income was 37 fen per share, compared with the S&P Capital IQ consensus estimate of 43 fen per share.

EPS increased 20.3% year over year from 31 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 707.2 million yuan, a gain of 21.0% from 584.2 million yuan in the prior-year period.

The normalized profit margin increased to 35.3% from 33.2% in the year-earlier period.

Total revenue rose 13.7% on an annual basis to 2.00 billion yuan from 1.76 billion yuan, and total operating expenses increased on an annual basis to 1.05 billion yuan from 1.03 billion yuan.

Reported net income increased 18.1% from the prior-year period to 904.4 million yuan, or 47 fen per share, from 765.6 million yuan, or 40 fen per share.

As of Aug. 25, US$1 was equivalent to 6.66 yuan.