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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
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