HKIA's profits climbed 5.4% to $5.624b

On the back of stronger revenue.

In a report, the Airport Authority said Hong Kong International Airport’s profits grew 5.4% last year to $5.624 billion.

Announcing financial results yesterday for the fiscal year ending March 31, the authority said revenue increased 8.1% to $13.134 billion.

It declared a final dividend of $4.4 billion to the Hong Kong Government, and will have paid the Government $30.38 billion in terms of dividends and return of capital since 2003-2004.

Passenger throughput and flight movements increased 4.1% to 57.2 million and 4.7% to 355,000 in 2012-2013 compared with the previous year.

Total cargo handled rose 2.9% to 4.04 million tonnes.

To cope with the anticipated growth in air traffic in the medium term, 48 new aircraft parking stands in the apron and midfield area will be commissioned in phases within the next two and a half years.