Hong Kong International Airport (HKIA) has posted a 5.4% year-on-year increase in its net profit to HK$5.62 billion ($724 million) for FY2012/13.
For the fiscal year to 31 March, its revenue grew by 8.1% to HK$13.1 billion, while operating expenses before depreciation and amortisation increased by 8.9% to HK$4.27 billion, says operator Airport Authority Hong Kong (AAHK).
The airport's operating profit before depreciation and amortisation rose by 7.6% to HK$8.86 billion.
Passenger traffic at HKIA rose by 4.1% to 57.2 million while flight movements were 4.7% higher at 355,000. Cargo throughput increased by 2.9% to 4,040,000t.
"We are pleased to report another strong financial year in 2012/2013. However, we expect that next year's performance could be impacted by the stagnant economy in the Eurozone, the fragile global economic recovery and the gradual withdrawal of quantitative easing measures in the US, along with the combination of slower economic growth and liquidity concerns in mainland China's financial sector," says AAHK's executive director for finance William Lo. "We will continue to exercise prudent financial discipline in view of this challenging environment."