MAp Sydney EBITDA up 6.6% in 3Q
November 1, 2009
Map Group (MAP) reported a 6.6% jump in EBITDA for the third quarter of 2009 of $171 million, from the previous corresponding period. In a report released on Friday, the company said positive growth from Sydney airport offset a decline in EBITDA from MAp’s European operations.
For the nine months to 30 September, MAp reported EBITDA of nearly $500 million, up 3.4%.
Aeronautical revenue increased 8.1% in the third quarter, while retail revenue added 1.9%. This was just ahead of the 0.9% traffic growth.
Operating expenses also decreased for its Sydney Airport operations, with expenses per passenger, not including specific write downs, down 3.8% to $4.73.
For Copenhagen Airport, EBITDA was down 10.6%, while Brussels and Bristol Airport lost 1.6% and 3.7% respectively/
At 1007 AEDT, MAp shares were down 4c to $2.83.
For the nine months to 30 September, MAp reported EBITDA of nearly $500 million, up 3.4%.
Aeronautical revenue increased 8.1% in the third quarter, while retail revenue added 1.9%. This was just ahead of the 0.9% traffic growth.
Operating expenses also decreased for its Sydney Airport operations, with expenses per passenger, not including specific write downs, down 3.8% to $4.73.
For Copenhagen Airport, EBITDA was down 10.6%, while Brussels and Bristol Airport lost 1.6% and 3.7% respectively/
At 1007 AEDT, MAp shares were down 4c to $2.83.
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