MAp Group (ASX:MAP) has posted a 19.5 per cent rise in earnings and a 7 per cent lift in traffic for the nine months to September this year.
The airport operator says proportionate earnings were $323.4 million in the period, while total earnings before interest, tax, amortisation and depreciation rose 15.7 per cent to $597.5 million.
MAp is the majority owner of Sydney Airport with a 74 per cent stake, and reports the airport delivered 9 per cent traffic growth in the nine month period, with the strong Australian dollar contributing to outbound travel demand.
CEO Kerrie Mather says both Sydney and Copenhagen have set traffic records in recent months whilst growth accelerated in the third quarter at Brussels.
MAp has declared earnings per stapled security of 17.4 cents, an increase of 9.5 per cent over the same time last year.
MAp Group booked a loss of $5.83 million in the first half of 2010.
MAP Price at posting:
$3.08 Sentiment: None Disclosure: Held
