Sydney Airport EBIT down 73.5% in 2020

    Sydney Kingsford Smith Airport reported (24-Feb-2021) the following financial highlights for Sydney Airport Limited for the 12 months ended 31-Dec-2020:

    • Revenue: AUD803.7 million (USD553.0 million), -51.0% year-on-year;
      • Aeronautical: AUD238.2 million (USD163.9 million), -67.8%;
      • Aeronautical security recovery: AUD68.7 million (USD47.3 million), -34.6%;
      • Retail: AUD244.2 million (USD168.0 million), -34.9%;
      • Property and car rental: AUD199.1 million (USD137.0 million), -20.7%;
      • Parking and ground transport: AUD49.1 million (USD33.8 million), -69.7%;
    • Operating expenses: AUD295.6 million (USD203.4 million), -2.6%;
    • EBIT: AUD187.4 million (USD129.0 million), -73.5%;
    • Net profit (loss): (AUD107.5 million) (USD85.6 million), compared to a profit of AUD215.0 million in p-c-p;
    • Total assets: AUD12,853 million (USD8840 million);
      • Cash and cash equivalents: AUD1076 million (USD740.4 million);
    • Total liabilities: AUD11,815 million (USD8130 million).
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