Mexico's GAP Q4 Net Rises 34 Percent

February 24, 2011

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Mexican airport operator GAP posted a 34 percent increase in quarterly profit on Wednesday due to higher ticket prices and increased use of its terminals.

Grupo Aeroportuario del Pacifico said in a stock market filing it earned MXP445 million pesos (USD$36 million) from October to December compared with MXP331 million in the year-ago period.

The company said fourth-quarter revenue rose 35 percent to MXP1.123 billion.

GAP said passenger traffic in its 12 terminals, including those of beach resorts in Los Cabos and Puerta Vallarta, rose 2.4 percent.

(Reuters)