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Guangzhou Baiyun Int'l Airport sees 18.60% rise in 2011 profit

Mar. 15, 2012 (China Knowledge) - Shanghai-listed Guangzhou Baiyun International Airport Co<600004> announced yesterday that its net profit grew 18.60% year on year to RMB 697 million in 2011.

Basic earnings per share were RMB 0.61 last year. The company proposed a final dividend of RMB 3.5 per ten shares.

The company's operating revenue rose 9.67% year on year to RMB 4.34 billion last year, of which RMB 3.58 billion was from aviation services.

Guangzhou Baiyun International Airport saw its passenger volume increase 9.9% year on year to 45.04 million and its cargo and mail throughput rise 3.1% to 1.18 million metric tons. Aircraft movements increased 6.1% to 349,300 last year.

As of the end of 2011, the airport had launched 181 routes to 153 cities around the world, including 124 domestic routes and 53 international routes.

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