Shanghai International Airport Co., Ltd. expects net profit to exceed 710 million in first half of 2024 - Chinese media

China Shanghai International Airport Co., Ltd. (hereinafter referred to as Shanghai Airport) expects strong growth in net profit in the first half of this year due to the accelerating recovery of the aviation industry.
On the 8th, Shanghai Airport announced that it expects its performance in the first half of this year to be significantly higher than the same period last year. Net profit attributable to shareholders of listed companies is expected to be 700 million
The forecast is for 10 million (approximately 15.7 billion yen) to 870 million former (approximately 19.3 billion yen), an increase of 435.87% to 556.63% compared to the same period last year.
In the first quarter of this year (January to March), Shanghai Airport's operating revenue increased 40.61% year-on-year to 3.029 billion yen (approximately 67 billion yen
) Earnings per share (EPS) was 386 million former (approximately 8.55 billion yen). Based on the figures for the first quarter, EPS for the second quarter (April-June) was 39.66% higher than the same period last year.
It is expected to reach 324 million formers (approximately 7.2 billion yen) to 484 million formers (approximately 10.7 billion yen), an increase of 108.62%.