Asur Q1 Profit Up On Increased Traffic

April 25, 2012

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Mexican airport operator Asur first-quarter profit rose 28.9 percent, helped by a jump in passenger traffic.

Grupo Aeroportuario del Sureste (Asur) earned MXP537.97 million pesos (USD$42 million) in the quarter compared with MXP417.38 million in the same period a year ago.

Asur, which operates nine airports in the southeastern part of Mexico including at the popular tourist hub Cancun, said revenue rose to MXP1.286 billon pesos in the quarter, up 21 percent from the first quarter of last year.

Quarterly passenger traffic rose 10.4 percent, with a nearly 20 percent jump in local users and a close to 6 percent rise in international passengers, the company said in its report to the Mexican stock exchange.

Asur's first-quarter EBITDA was MXP828.46 million pesos, a 22.4 percent increase compared with the January to March period in 2011.

(Reuters)