BCIA Reports 252% Net Profit Rise

28 March 2010 (Last Updated March 28th, 2010 18:30)

Beijing Capital International Airport (BCIA) in China has reported a net profit increase of 252% to RMB300.8m ($43m) in 2009. According to BCIA, the increase in profit was mainly due to government stimulus policies that boosted domestic demand for air travel. BCIA's earnin

Beijing Capital International Airport (BCIA) in China has reported a net profit increase of 252% to RMB300.8m ($43m) in 2009.

According to BCIA, the increase in profit was mainly due to government stimulus policies that boosted domestic demand for air travel.

BCIA's earnings per share was RMB0.07 with a final dividend of RMB0.03 per share.

The airport's revenue increased from RMB4.62bn ($675m) in 2008 to RMB4.96bn ($725m), a year on year increase of 7.4%.

In 2008, BCIA's net profit was RMB85.3m ($12m).

The airport's passenger traffic rose 17% year on year to RMB65.4m in 2009, exceeding its original target of RMB62m.