Shanghai International Airport sees 31 pct growth in net profits

Updated 2018-02-23 22:50:01 Xinhua

Shanghai International Airport Company said Friday that its 2017 net profits are expected to grow 31.3 percent to 3.68 billion yuan (584.6 million U.S. dollars).

The company, which operates Shanghai Pudong International Airport, the country's second largest airport in terms of passenger volume, said its business revenue is estimated to rise 15.9 percent from a year earlier, to 8.06 billion yuan in 2017.

It attributed the strong profit growth to better-than-expected performance at the airport, which saw annual passengers increase 6.1 percent year on year to top 70 million last year, according to the preliminary financial report the company delivered to the Shanghai Stock Exchange.

Its earnings per share increased 30.8 percent from a year earlier to 1.91 yuan.

The company also expect its income from investment to surge 33.8 percent year on year to 976 million yuan in 2017.

The company's share price edged up 0.49 percent to 46.86 yuan Friday.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 22 2018 02:45:03

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 22 2018 02:45:03

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 22 2018 02:45:03

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords