The Hong Hong-listed company, which operates the airport in the nation's capital, said net profit for the six months ended June 30 rose 0.6% to 677.7 million yuan ($110.2 million) from 673.3 million yuan a year earlier. Its revenue rose 4.8% to 3.7 billion yuan from 3.53 billion yuan.
Air-traffic volume growth at Beijing Capital Airport has been slowing in recent years as the nation's busiest airport by passenger throughput is running well beyond its designed capacity of 76 million passengers a year.
The airport handled 1.9% more passengers, for a total of 41.6 million, in the first half of the year, following 2.2% growth for all of 2013 to 83.71 million passengers. That made it the world's second busiest airport after Hartsfield-Jackson Atlanta International Airport in the U.S.
The weak first-half earnings also come after the Chinese government in May unveiled a plan to build a $14 billion airport on the outskirts of the nation's capital to relieve congestion at Beijing Capital Airport.
Set to open in 2018, the airport will have four runways in its first phase and will be able to handle nearly as many passengers as Beijing Capital Airport, with provisions for three additional runways as needed.
The company said in a statement that slower economic growth, political uncertainty in some regions and a decrease in air travel demand to Southeast Asian countries following the disappearance of Malaysia Airlines Flight 370 also contributed to the traffic-growth slowdown.
It expects air traffic growth on international routes to outperform domestic traffic growth in the second half as the global economy continues to recover.
The company recommended a first-half dividend of 0.0469 yuan a share, compared with a first-half dividend of 0.0466 yuan a year earlier.
Source: Wall Street Journal by Joanne Chiu
from China Travel & Tourism News http://ift.tt/1iB6EFm
Put the internet to work for you.
No comments:
Post a Comment