Acsa is back to making millions

28 Mar 2013

Airports Company South Africa (ACSA) is back in the black‚ posting a R188m profit for the year ended March 2012 after a first-ever loss of R221m the previous year.

ACSA noted however that the recovery profit was still not at the levels that were experienced in the years prior to 2011.

The results in the 2012 financial year were driven primarily by the increase in aeronautical revenue as a result of the tariff increase of 34.8% from October 2011.

However‚ ACSA pointed out that the increase in revenue was eroded by the high financing costs‚ which peaked in 2012 at nearly R2.1bn.

"The Eurozone debt crisis continues to have a negative effect on the overall traffic performance‚ particularly international traffic‚ and as a consequence‚ the revenue increase from international traffic was moderate and lower than expected.

"The group still needs to create value for its stakeholders. Value is the measure of wealth the group has created in its operations by adding value to the cost of services‚" the company claimed.

Total revenue for the year to March 2012 increased by 23% to R5.738bn (2011: R4.658bn). This represented a 38% increase in aeronautical revenue to R3.350bn (2011: R2.430bn) and seven percent in non-aeronautical revenues to R2.389bn (2011: R2.228bn).

"Non-aeronautical revenues continue to contribute positively to the group; in the 2012 financial year‚ the contribution from non-aeronautical revenue to total revenue was 42% while in 2011 it was 48%," said ACSA.

It experienced a moderate upswing in total departing passengers for the period with traffic for the 2012 financial year ending three percent higher than the previous year. A total of 17.9m passengers departed from the network of airports. Aircraft landings declined by one percent to 272 320.

International passenger traffic increased by two percent and international aircraft landings increased by one percent when compared with those of the prior year. Domestic passengers‚ who constitute 70% of the total passenger traffic‚ increased by three percent and related aircraft landings increased by two percent in 2012.

The number of regional passengers was six percent‚ higher while related landings were up by five percent.

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za