Beijing airport's first-half 2011 net profit soars to CNY514m

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Beijing Capital International Airport (BCIA) has more than doubled its net profit for the first half of 2011 to yuan (CNY) 514 million ($80 million), up from CNY200 million a year ago.

Total revenue for the first half grew by 13.3% to CNY3.11 billion, with revenue from the aeronautical segment rising by 7.9% to CNY1.83 billion, said the airport.

Its total operating expenses declined by 1.5% to CNY1.99 billion. The airport's operating profit increased by 63% to CNY993 million from a year ago, it added.

In the second half of 2011, the company said that it will strictly control its various costs and expenses. Energy consumption is to be controlled through measures such as long-term planning and effective technical improvement.

At the same time, incentive measures will be adopted to control costs and encourage the involvement of all staff in cost management.

In addition, there are plans to construct the Second Capital Airport in stages in the southern part of Beijing's Daxing District. The new airport will be part of the long-term plan of the National Development and Reform Commission and the Civil Aviation Administration of China, and be in line with the "12th Five-Year Plan" of the Beijing municipality.

Parent company Capital Airports Holding Co (CAHC) is leading a pre-feasibility study on the construction of the new airport. BCIA will continue to follow up on its work on the new airport with regard to early-stage design, construction and operations, the company said.