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Changi Airport Group's full-year net profit surges 95% to $841m
The Straits Times
|May 24, 2025
Changi Airport Group (CAG) saw its net profit rise to $841 million for the full year ended March 31, almost double the $431 million in the year-ago period.
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The 95 per cent rise in net profit takes into account "exceptional items", including non-cash revaluation gains and the write-back of provisions by subsidiaries.
Excluding these exceptional items, it posted a net profit of $685 million for the full year, the group announced in a bourse filing on May 22.
The group's earnings before interest, taxes, depreciation and amortisation, or Ebitda, rose 22 per cent from a year ago to $1.5 billion.
Revenue was up 13 per cent at $3.1 billion, from $2.7 billion in the previous year, primarily due to an increase in passenger traffic.
Denne historien er fra May 24, 2025-utgaven av The Straits Times.
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