Asur up 20%

By Administrator |

Mexican airports operator Asur yesterday reported that quarterly net profits rose by almost 20% even though passenger numbers dropped, and its share price fell on fears that Hurricane Wilma will hit future earnings. Net profits

reached Ps.168m ($15.6m) in the third quarter, up from Ps.141m in the same quarter last year, thanks to back payments from retailers at its airports.
Asur operates nine airports, including Cancun and Cozumel which were both closed after Hurricane Wilma, smashed into the Caribbean coast, causing huge damage to hotels, stores and the resort's infrastructure. Asur said third quarter results were boosted by a Ps.32.5m ($2.9m) rent back payment from Dufry and Ps.9.9m ($0.9m) payment by Aldeasa.

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