First Impression: Sydney Airport (SYD) 1H16 Result

Bell Potter

Total revenue up 11.3% to $661.9m. Breakdown: Aeronautical Services (51% of Group Revenue) Revenue up 17% to $337.3m 9.3%; driven by 9.3% international and 6.7% total passenger growth; Retail (21% group revenue) up 9.5% to $142.3m; Property and Car Rental (16% of Group Revenue) up 2.2% to$103.2m; 220 leasing transactions complete, 98.6% occupancy rate; Parking and Ground Transport (11% of group revenue) up 4.4% to $75.4m; Online parking take up continues to drive higher asset utilisation | Total of 20.3 million passengers in first half 2016, up 6.7% on the pcp; international and domestic passengers grew a strong 9.3% and 5.3% respectively.


Bell Potter

Bell Potter is a member of the Bell Financial Group (BFG) of companies. We are one of Australia's largest full service stockbrokers and a leading financial advisory firm, offering a full range of services to private, corporate and institutional...

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ASX:SYD

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