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Sydney Airport FY EBITDA rises 10.3 pct on international passenger increase

Published 16/02/2017, 08:33 am
© Reuters.  Sydney Airport FY EBITDA rises 10.3 pct on international passenger increase
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SYDNEY, Feb 16 (Reuters) - Sydney Airport Holdings Ltd SYD.AX , the operator of Australia's biggest airport, on Thursday posted a 10.3 percent rise in full-year earnings before interest, tax, depreciation and amortisation driven by the strongest international passenger growth in 12 years.

The airport operator's EBITDA for the 12 months ended Dec. 31 rose to A$1.11 billion ($856.25 million) compared with A$1 billion a year ago, in line with the A$1.12 billion estimate of 13 analysts polled by Thomson Reuters I/B/E/S.

Sydney Airport said it expected to pay distributions of A$0.335 per stapled security in 2017, up from A$0.31 last year, which was in line with analyst forecasts of A$0.337. ($1 = 1.2963 Australian dollars)

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