Retail operations lift profits at Christchurch

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The airport’s income from concessions and rentals grew by 4.18%

Christchurch International airport has announced net profits of NZ$24m ($18.2m) for the year to June 30 2007, a rise of 2.1% compared to 2006. The company’s statement highlighted the importance of “improved commercial returns” to its performance—while total revenues were slightly down from the previous year, revenues from concessions and rentals were up by 4.2% to NZ$30m ($22.7m).

Christchurch airport’s chairman Syd Bradley said: “While passenger growth was relatively flat over 2006, the company’s emphasis on non-aeronautical revenue streams has resulted in a solid operating result.”