Logo of Phnom Penh Post newspaper Phnom Penh Post - Airport traffic helping Vinci’s revenue soar

Airport traffic helping Vinci’s revenue soar

Airport traffic helping Vinci’s revenue soar

Vinci Airports, the airport management arm of French conglomerate Vinci, grew last year on the strong performance of its airport concessions in Cambodia and Portugal, its parent firm reported.

Revenue grew 14.4 per cent to €820 million ($913 million)in 2015, compared to a year earlier, while operating income from ordinary activities increased 25 per cent to €289 million.

The company attributed growth to increasing passenger traffic, which grew 11.4 per cent last year.

“The increase was due to good performance in terms of revenue and margins at the main airports managed, particularly in Portugal and Cambodia,” it said.

Vinci Airports operates 25 airports in France, Portugal, Cambodia and Chile. The company holds a 70 per cent stake in the joint venture that operates Cambodia’s three international airports.

Combined earnings from these airports increased 13 per cent in 2015, according to the financial statement, which did not provide the total revenue figure.

Revenue from the company’s 11 airports in Portugal increased 11 per cent last year, it added.

Cambodia Airports handled more than 6.4 million passengers in 2015, an increase of 13 per cent compared to a year earlier.

The company is investing $100 million to upgrade the capacity of Phnom Penh and Siem Reap airports to accommodate up to 10 million passengers per year in total.

MOST VIEWED

  • EU parliament’s 13-point vote to decide on possible sanctions

    The European Parliament is due to vote on Thursday on a 13-point resolution on Cambodia – which includes a call for the treason charges against bailed opposition leader Kem Sokha to be dropped – a threat that could see the EU enforce a range of sanctions against

  • Government hits back at threats to pull EBA, suspend UN seat

    The spokesman for the ruling Cambodian People’s Party (CPP) has said the government is in no way concerned after the European Parliament gave it three months to reverse what it called the “systematic repression of the political opposition”. Ignoring the ultimatum could mean facing

  • Sar Kheng: Sokha requested security

    Interior Minister Sar Kheng on Sunday revealed the story behind the transfer of former opposition party leader Kem Sokha from Trapaing Phlong prison in Tbong Khmum province to his house in the capital. Speaking at the ruling Cambodian People’s Party (CPP) headquarters in Prey

  • Chinese influx pushing locals, Westerners out of Preah Sihanouk

    Some within the Kingdom’s tourism industry have speculated that the recent influx of Chinese visitors may hinder domestic tourism as the price of accommodations in the coastal city of Sihanoukville continues to rise. Preah Sihanouk province, which has become a hotbed for Chinese investment