Shanghai Airports Report 1.3 Billion Yuan H1 Net Profit

Shanghai Airport Authority (SAA) Thursday reported a double-digit growth for its net profit in the first half of 2015 owing to strong travel demand, lower fuel price and higher airports capacities.

Two Shanghai airports including Shanghai Hongqiao International Airport (SHA) and Shanghai Pudong International Airport (PVG) have achieved a total net profit of 1,292 million yuan for the six months ending June 30, surging 25.61% over the same period of last year.

The airports' first-half revenue recorded 3,094 million yuan, jumping 12.57% year on year.

PVG has handled 217,000 aircraft movements, 28.99 million passengers and 1,574,300 tonnes of cargo and mail in the reporting period, up 14.09%, 18.3% and 5.45% respectively year on year.