Auckland International Airport Limited (ASX:AIA) Releases Interim Financial Results
Financial Performance
Auckland International Airport reported revenue of $499.9 million for the six months ended 31 December 2024, up from $440.5 million in the previous period. Net profit after taxation reached $187.3 million, a 58% increase from $118.7 million in the same period last year.
Capital Raise
On 16 September 2024, Auckland Airport successfully raised $1.375 billion through a $1.2 billion underwritten private placement and a $200 million non-underwritten retail offer. The proceeds will support the group’s capital investment programme, credit rating target of A- by S&P, and dividend policy, enabling debt reduction and lower bank facilities.
Dividend Announcement
The directors approved an interim fully imputed dividend of 6.25 cents per share, amounting to $105.1 million, to be paid on 4 April 2025.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.