2.1% Rise in Profits Reported by Auckland Airport
Auckland Airport

In what is being seen as a much positive development in the current times of a globally weak economy, the Auckland International Airport, in figures made public on Thursday for this year up-to the month of June, reported a 2.1% rise in profits and a 5.2% increase in revenue.

The net profit, post tax, revealed by Auckland's biggest airport was $105.9 Million. This was a substantial rise from last year's figure of $103.7 Million reported for the same period. The revenue also saw a definite surge and now stood firm $369.2 Million.

"Our increased investment and focus on aeronautical business development to grow the air-services that are so critical to New Zealand are bearing fruit", said airport Chairman Anthony Frankham. "I believe that the prudent investment and governance decisions made by the board over the last few years have ensured stability and have, to date, allowed Auckland Airport to ride out the economic storm well", he added.

With some new plans up its sleeve for the coming year, and the economy slowly but steadily improving, the airport is expecting to post even better figures for the coming times.