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more of sydney airport

  1. zwu
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    Timely optimism at Sydney Airport gives Macquarie units a boost

    Date: 5/8/2003
    Author: Brian Robins
    Source: The Sydney Morning Herald --- Page: 21

    Shares in Macquarie Airports closed $A0.03 higher at $A1.68 on 4 August 2003. Investors were responding to news that the company is to take a higher stake in Sydney Airports Corporation, following the release of data indicating passenger numbers will treble and flight numbers double at the airport over the next 20 years. Macquarie Airports says restructuring will produce higher returns from its Sydney Airport operating assets, and from non-operating assets such as property holdings. Macquarie Airports will also take another 3.43 per cent of the capital of unlisted Macquarie Airports Group, which is due to merge with Macquarie Airports in 2004. It will then hold 40.13 per cent of that group.

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