/ 16 August 2010

Acsa reports rise in revenues

The Airports Company South Africa (Acsa) said total revenues grew by 12% to R3,5-billion, when it released its annual financial results on Monday.

This resulted in a positive increase in normalised earnings before interest, tax, depreciation and amortisation (EBITDA) of 6% to R1,85-billion.

As in the prior year, traffic had continued to decline, but at a reduced rate.

Passenger numbers decreased by 1,7% compared with a decline of 7,7% the previous year.

Domestic traffic — which constituted 70% of passenger traffic –contracted by 2,1%, while international passengers declined by 0,9% compared with a decrease of 0,7% a year ago.

Aircraft landings declined by 1,7% compared with a decline of 3,8% a year earlier.

The company said it had remained resilient during the 2009/10 financial year despite the challenging operating environment. — Sapa