Sydney Airport EBIT down 18% in 2019

21 February, 2020

Sydney Kingsford Smith Airport reported (20-Feb-2020) the following financial highlights for Sydney Airport Limited for the 12 months ended 31-Dec-2019:

  • Revenue: AUD1640 million (USD1140 million), +3.5% year-on-year;
    • Aeronautical: AUD739.3 million (USD514.1 million), +2.4%;
    • Aeronautical security recovery: AUD105.0 million (USD73 million), +6.4%;
    • Retail: AUD374.9 million (USD260.7 million), +5.0%;
    • Property and car rental: AUD251.2 million (USD174.7 million), +5.5%;
    • Parking and ground transport: AUD162.0 million (USD112.7 million), -0.1%;
  • Operating expenses: AUD303.4 million (USD211.0 million), +1.2%;
  • EBIT: AUD707.5 million (USD492.0 million), -18.4%;
  • Net profit: AUD215.0 million (USD149.5 million), -42%;
  • Total assets: AUD12,632 million (USD8785 million);
    • Cash and cash equivalents: AUD625.1 million (USD434.7 million);
  • Total liabilities: AUD13,386 million (USD9309 million). [more - original PR]

*Based on the average conversion rate for AUD1 = USD0.695396