Rise in retail revenues helps Beijing’s profits

Nicole Mezzasalma

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Interim half-year results show 41.2% growth for retail revenues

Beijing Capital International airport (BCIA) has announced its interim half-year results with an increase in non-aeronautical revenues of 24.8% to Rmb437m ($57.8m) in the six months to June 30 2007, including a substantial growth of 35.9% in revenues from concessions to Rmb282.5m ($37.4m). The company’s earnings from retailing rose by 41.2% to Rmb128.3m ($16.9m) during that period.

In a statement the company said: “For the first half year of 2007, the non-aeronautical revenues of the company maintained steady growth. Concessions revenues [enjoyed] an increase of 35.9% compared with the same period last year. Among these, as a result of the growth of passenger traffic, reconstruction of business stores, brand planning and timely organisation of promotion activities, concessions revenues from retailing [grew by] 41.2%.”

Overall, BCIA’s revenues increased by 16% to Rmb1.66bn ($219.7m) compared to the same period last year. The company’s operating profits also rose by 3.8% to Rmb850.6m ($112.6m).