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“Shanghai airport” announces its 3rd quarter financial report Print  

                               

According to the report company’s income increased 5% to 2,423 billion dollars, at the same time costs for airport exploitation rose 69% and reached 1,529 billion dollars.   

 

In general, the report shows the real profit is lower than it was expected mainly for 4 reasons: the construction of the second terminal building in Pudong Airport forced the company to incur huge expenses; airports capacity was going down; the commercial income was lower than it had been expected; investments were also cut down.       

 

Shanghai International Pudong Airport launched the second terminal building on the 3rd of March. The circulating capital is about 9,5 billion dollars what turned to be a big financial pressure for a company.

 

According to expert’s analysis, exploitation of 2 terminal buildings at the same time needed a lot of resources and staff, what led to costs increased 60% in the past 3 quarters of the year.    

 

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