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OMA Q1 Profit Rises - Quick Facts

Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (OMAB) reported that its first-quarter consolidated net income rose to 226 million Mexican pesos from last year's 184 Mexican pesos.

Earnings per share were $0.37 per American Depositary Share or ADS, up from $0.30 per ADS in the year ago quarter.

Total revenues for the quarter increased to 788 million Mexican pesos from 705 million Mexican pesos in the prior year quarter.

Terminal passenger traffic increased 4.6% to 3.0 million in the latest quarter; domestic traffic increased 5.1%, and international traffic increased 2.6%. Seven of the 15 airlines at our airports grew traffic in the quarter.

OMA expects that 2013 passenger traffic will increase approximately 3.5% to 4.5%, and expects that the sum of aeronautical and non-aeronautical revenues will increase approximately 8.0% to 10.0%. The Adjusted EBITDA margin for the full year is expected to be in the range 50.5% to 52.0%. Total MDP capex during 2013 is expected to be in the range of 700 million Mexican pesos to 800 million Mexican pesos.

by RTTNews Staff Writer

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