Live Phuket The Phuket News The Phuket News Kata Rocks The Phuket News
The Phuket News Business News
The Phuket News Phuket | Thailand | World | Business | Q&A | Weird World XML, RSS, Feed
The Phuket News The Phuket News
The Phuket News

AoT posts 24% increase in fiscal Q3 profit

BANGKOK: Airports of Thailand Plc (AoT) continued to ride the crest of Thailand’s air travel boom with robust growth in the fiscal third quarter, from October 1, 2015 through June 30, 2016.

tourism, transport, economics,


Bangkok Post

Sunday 21 August 2016, 10:00AM


Passengers make their way to boarding gates at Don Mueang. The SET-listed state airport operator reported robust growth in the fiscal third quarter. Photo: Bangkok Post / Pattarachai Preechapanich
Passengers make their way to boarding gates at Don Mueang. The SET-listed state airport operator reported robust growth in the fiscal third quarter. Photo: Bangkok Post / Pattarachai Preechapanich

The SET-listed state airport operator posted a 24.3-per-cent rise in net profit for the three months to June on B13.39 billion in revenue, up 18.8 per cent.

Poolsiri Virojanapa, AOT Senior Executive Vice-President for Accounting and Finance, attributed the increased profitability largely to the rise in passenger and aircraft traffic through the country’s six main airports under its operation, including Phuket International Airport.

Total passenger traffic in the period for the six airports rose 11.1%, driven by a 20.6% jump in those carried by low-cost carriers (LCCs). Combined aircraft movements grew 8.8% with a 13.9% surge in those operated by LCCs.

Passenger service charges and concession fees – AoT’s two prime revenue sources – edged up 11.2% and 15.4%, respectively, to B5.37 billion and B3.37 billion.

The B464.83 million in compensation AoT received for damage caused by the late 2011 flooding at Don Mueang airport also contributed to the quarter profitability.

Zurich Bread

The healthy fiscal third-quarter performance pushed net earnings for the nine months to June up by 18.6% to B15.28 billion, on a 16.1% increase in revenue to B39.67 billion.

Ms Poolsiri said the outlook for AoT is positive due to the stable domestic political situation, economic pickup, expanding tourism and decreasing fuel prices. These factors bode well for the aviation industry, she said.

AoT shares closed on the Stock Exchange of Thailand on Monday at B410, down B10, in heavy trade worth B3.09 billion.

 

Read original story here.

 

 

The Phuket News
The Phuket News
Comment on this story
* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.
Comments Here:
Username:
Password:
E-mail:
CAPTCHA
Forget your password?

Be the first to comment.

The Phuket News
The Phuket News The Phuket News The Phuket News
The Phuket News
Share this
The Phuket News
Have a news tip-off? Click here
The Phuket News
Related stories
The Phuket News
Phuket community

Recent Comments


Plan to track tourists via SIM cards teeters

Well, this traceable SIM card plan was announced before thinking about it. It will die/fade away. Without knowledge/understanding how foreign touris...(Read More)


Outward bound: British Ambassador sheds light on UK’s post-Brexit future

Yes Andy: Good question, why? Your points 1-2-3 say it all. I always advice incoming foreigners who look around with dollar making signs in their ey...(Read More)


Man jailed 18 months for cruelty to cats

The cat killer is now in prison. That happened very quick. Guess he didn't have the means to drag it on 'to full extent' of the law, like...(Read More)


Ford stalls response to faulty Focus, Fiesta cars in Phuket

Yes kjm, indeed. Perhaps a good idea PN writes a interview/article about Phuket Consumer Protection Office? Is it a private- or government organizati...(Read More)


Phang Nga police officer charged with drunk driving

im disgusted by the fact they only charge him with drunk driving when obviously he fled the scene, caused a lot of damage to vehicles and injured seve...(Read More)


Double hit-and-run leaves one dead, one injured in Phuket

Well, its their problem if they crash and die because they didn't wear a helmet. I would rather concentrate on punishing people who are a danger t...(Read More)


Ford stalls response to faulty Focus, Fiesta cars in Phuket

Good initiative from Khun Atchariya - its important that consumers are protected in Thailand and that any company incl the large multi national enter...(Read More)


Man jailed 18 months for cruelty to cats

Cats have 9 Lives 9x9= 81 he should have got 81 years in Jail O_o...(Read More)


Outward bound: British Ambassador sheds light on UK’s post-Brexit future

I am British, would I invest here? No. Why? There is no rule of law here. This was best described by a contributor to an expat forum thus: Thai Law...(Read More)


Court rules revocation of Thaksin’s passports was legal

Kurt... you state "history shows so many court rulings were in the passed overruled/corrected during new Governments." Name one. "Mr T...(Read More)

The Phuket News
Bangkok Hospital Phuket
THAI VISA
PHUKET NEWS
Phuket
Thailand
World
Business
Q A
Weird World
ARCHIVE
POLL
CURRENCY
WEATHER
PHUKET TIDE TABLE
The Phuket News PHUKET LIFE
Phuket Arts
Phuket Community
Phuket Culture
Phuket Dining
Phuket Education
Phuket Entertainment
Phuket Environment
Phuket Health
Phuket People
Phuket Travel
Photo Galleries
COLOURING BOOK
The Phuket News PHUKET SPORT
Phuket
Thailand
World
SURF REPORT
PREDICTIONS
The Phuket News PHUKET CLASSIFIEDS
Phuket Buy and Sell
Phuket Jobs
Phuket Property
Phuket Cars and Boats
Phuket Community
Phuket Services
SEARCH CLASSIFIEDS
POST CLASSIFIED
The Phuket News The Phuket News PHUKET EVENTS
Phuket Event listings
Phuket Event calendar
Buy Tickets
POST EVENT
The Phuket News PHUKET DIRECTORY
Phuket Bars, pubs and clubs
Phuket Hotels and villas
Phuket Restaurants
Phuket Yellow Pages
POST LISTING
The Phuket News BARGAINS
The Phuket News ABOUT US
The Company
Distribution points
Subscribe
Advertise with us
Pay for advert
Contact us
CONTESTS
Content Google Map
Site map
Australian Visa Services
 
Currency - The Phuket News   Weather Report - The Phuket News   Surf Report - The Phuket News
LinkedIn - The Phuket News   Twitter - The Phuket News   YouTube - The Phuket News   Facebook - The Phuket News
Copyright © 2016 Class Act Media. All rights reserved. | Website usage terms and conditions | Privacy and Confidentiality Statement.