Shanghai International Airport sees 31 pct growth in net profits

Updated 2018-02-23 22:53:01 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.

See Also

Travel Videos

Photo Gallery

Worship Season in Lhasa

Lhasa, capital city of Southwest China's Tibet autonomous region, has entered the worship season. Buddhists from across Tibet come to the Potala Palace and Jokhang Temple for worship.

Hello Kitty Theme Park Opens in Zhejiang

The first Hello Kitty theme park outside Japan officially opened on Thursday, the first day of the year in the Anji county, Huzhou city, East China's Zhejiang province.

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