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Shanghai Int'l Airport's profit for 2011 soars 14.41%

Mar. 1, 2012 (China Knowledge) - Shanghai International Airport Co Ltd<600009>, the operator of Hongqiao International Airport and Pudong International Airport, has posted nearly RMB 1.5 billion-net profit attributable to shareholders for 2011, up 14.41% from a year earlier.

The Shanghai-listed firm's operating revenue for last year increased 10.15% to RMB 4.61 billion, and its operating profit amounted to RMB 1.94 billion, reflecting an increase of 16.59%. Earnings per share were RMB 0.78. A dividend of RMB 0.60 per share was declared on the basis of 1.93 billion total shares.

Passenger throughput of the Pudong International Airport totaled 41.45 million in 2011, up 2.15% from a year earlier, while mail and cargo throughput declined 3.88% year on year to 3.1 million tons.

The company has accelerated reconstruction of its T1 and T2 terminals in the Pudong International Airport to meet fast-growing traffic demand. The Shanghai Disneyland, which is under construction, is expected to boost the airport passenger throughput in the future, said analysts.

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