Scoop has an Ethical Paywall
Licence needed for work use Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Updated market guidance

Updated market guidance

Auckland International Airport Limited (AIAL) advises today that its surplus after tax result for the year ended 30 June 2007 will require an increased provision to be made in respect of the company’s long-term incentive schemes for senior management and staff.

The significant lift in AIAL’s share price during the last few months has increased the company’s liability at year end by approximately $9.9 million. This is a non-cash item in the 2007 statement of financial performance. The liability is in respect of incentive plans covering a four year period, and is not directly related to AIAL’s day to day operating performance.

AIAL now expects its reported surplus after tax result for the year ended 30 June 2007 will be in the order of $91 million to $92 million.


ENDS

Advertisement - scroll to continue reading

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.