Airport operator’s net profit hits MOP153 mln for 2015

Macau International Airport (MIA) achieved a total income of MOP4.39 billion (US$549.7 million), in which the total income of the managing company – Macau International Airport Company Limited (CAM) – reached MOP1.22 billion in 2015, an increase of 16.6 per cent compared to 2014. The information was released following CAM’s Annual General Assembly yesterday. CAM says that in July 2015, shareholders convened an Extraordinary General Meeting, and unanimously adopted the repayment plan to three shareholders. Thus, starting in 2015, the repayment plan was conducted for its three shareholders, by instalments and phases. Meanwhile, dividends of 2014 preference shares were paid in mid-2015. In this fiscal year, CAM earned a profit of MOP250 million before the distribution of preference share dividends in 2015; after adding in the preparation of dividends and tax deduction, the net profit of CAM will be MOP153 million. Expanding facilities The company added that its new target of air freight volume in 2016 is 57,500 aircraft movement, 30,659 tons of cargo and 5.95 million passengers. As the target passenger volume is reaching the capacity of the terminal of 6 million CAM is looking for ways to cope via initiatives like the north extension of the passenger terminal building currently in progress. CAM says it will continue to move on the extension project at the south side once the north is completed. The main structure and outer wall project are scheduled to be finished in September 2016, with interior decoration commencing in the 4th quarter of 2016 – to be in operation in the second half of 2017. According to CAM, once the north extension is completed there will be four levels (arrival, departure, mezzanine, offices) with 14,000 square metres for each level. The whole Passenger Terminal Building will be able to accommodate up to 7.5 to 7.8 million passengers, with more space available for flight waiting, plus commercial and F&B areas. One more loading bridge will be increased and there will be five bridges in total.