Mexico's GAP Posts 61 Percent Profit Jump

July 25, 2012

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Mexican airport operator GAP on Wednesday posted a 61 percent jump in second-quarter net earnings helped by lower financial costs.

Grupo Aeroportuario del Pacifico earned MXP350.7 million pesos (USD$26 million) in the April-June period, up from MXP218 million a year earlier. Its costs dropped by 23.5 percent quarter-over-quarter.

Revenue rose 1 percent to MXP1.211 billion pesos, the company said. Passenger traffic rose 5 percent in the second quarter, driven by strong domestic growth.

(Reuters)