Beijing Capital airport operating profit up 6.2%

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Beijing Capital International airport reported a 6.2% increase in operating profit to CNY2.28 billion during 2013.

Revenue over the year was up 5.3% to CNY7.22 billion, while expenses increased by 7% to CNY4.85 billion.

The airport’s overall net profit after tax increased by 15.7% to CNY1.33 billion. Cash and cash equivalents at the end of the year amounted to CNY2.05 billion.

Overall passenger traffic through the airport increased by 3.5% to 83.7 million, as aircraft movements increased by 1.9% to 576,759. Cargo throughput also increased by 2.4% to 1.84 million tonnes.

In its outlook, the airport operator says that 2014 has been off to a strong start with aircraft movements already up by 4.4%, it notes that the uncertain economic outlook may impact on its operations. It released no profit guidance for 2014.