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Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) Announces Results for the Fourth Quarter 2010

Dépèche transmise le 23 février 2011 par Business Wire

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) Announces Results for the Fourth Quarter 2010

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) Announces Results for the Fourth Quarter 2010

GUADALAJARA, JALISCO, Mexico--(BUSINESS WIRE)--Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) today reported its results for the fourth quarter ended December 31, 2010. Figures are unaudited and have been prepared in accordance with Mexican Financial Reporting Standards (“NIF”). All amounts are presented in nominal pesos.

Summary of Fourth Quarter 2010 vs. Fourth Quarter 2009:

  • Operating revenues increased 9.8% (Ps. 81.2 million), mainly due to a 10.5% (Ps. 68.4 million) increase in revenues from aeronautical services, while non-aeronautical service revenues increased 7.1% (Ps. 12.8 million).
  • In 4Q10, cost of services increased 10.4% (Ps. 23.3 million), mainly as a result of a Ps. 22.1 million increase in other operating costs.
  • The increase in operating revenues caused the cost of government concession taxes to rise 9.7% (Ps. 4.0 million) in 4Q10, as well as the technical assistance fee, which increased 9.5% (Ps. 2.7 million).
  • Operating income increased 12.8% (Ps. 42.2 million).
  • EBITDA increased 9.5% (Ps. 51.2 million) primarily due to an increase in revenues from aeronautical and non aeronautical services. The EBITDA margin, without considering the effects of INIF 17, decreased from 64.7% in 4Q09 to 64.6% in 4Q10, a decline of 10 basis points.
  • Net income increased 34.3% (Ps. 113.8 million).

For the full version of this report please visit www.aeropuertosgap.com.mx

Business Wire

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