ASUR Q3 Profit, Total Passenger Traffic Rise - Quick Facts

(RTTNews) - Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASR) or ASUR reported that its third-quarter of 2013 net income increased by 24.89% to Ps.510.87 million from Ps.409.06 million in the same quarter last year. Earnings per common share for the quarter were Ps. 1.7029, or earnings per ADS of US$1.2925 compared to earnings per share of Ps. 1.3636, or earnings per ADS of US$1.0350, for the same period last year.

Total revenues for the third-quarter of 2013 increased year-over-year by 7.19% to Ps.1.309 billion. This was mainly due to increases of 8.81% in revenues from aeronautical services, principally as a result of the 10.66% increase in passenger traffic; and15.72% in revenues from non-aeronautical services, reflecting the 15.95% increase in commercial revenues. These increases more than offset the 22.47% decline in revenues from construction services that resulted from lower capital expenditures and other investments in concessioned assets during the period.

For the third quarter of 2013, total passenger traffic increased year-over-year by 10.66%. Domestic passenger traffic rose by 9.41% while international passenger traffic increased by 12.02%.

The 9.41% growth in domestic passenger traffic was driven by increases at Cancun, Veracruz, Merida, Villahermosa, Minatitlan and Oaxaca. The 12.01% growth in international passenger traffic resulted mainly from an increase of 12.55% in international traffic at the Cancun airport.