Sydney Airport reports double digit profit declines in 1H2019

15 August, 2019

Sydney Airport reported (14-Aug-2019) the following financial highlights for the six months ended 30-Jun-2019:

  • Revenue: AUD797.1 million (USD563 million), +3.4% year-on-year;
    • Aeronautical: AUD361.3 million (USD255.2 million), +4.7%;
    • Retail: AUD184.2 million (USD130 million), +4.0%;
    • Property and car rental: AUD120.3 million (USD85 million), +1.8%;
    • Parking and ground transport: AUD77.6 million (USD54.8 million), -1.4%;
  • Operating costs: AUD147.9 million (USD104.5 million), +0.4%;
  • EBITDA incl non-recurring costs: AUD465.1 million (USD328.5 million), -25.4%;
  • EBITDA excl non-recurring costs: AUD649.2 million (USD458.5 million), +4.1%;
  • Net profit: AUD17.3 million (USD12.2 million), -90%;
  • Total assets: AUD12,647 million (USD8933 million);
  • Cash and cash equivalents: AUD604.6 million (USD427 million);
  • Total liabilities: AUD13,182 million (USD9311 million). [more - original PR]

*Based on the average conversion rate for AUD1 = USD0.706319