Hainan Meilan Airport Reports Increased Revenue but Higher Losses in 2024

Hainan Meilan International Airport Company ( (HK:0357) ) has shared an update.

Hainan Meilan International Airport Company announced its financial results for the year ending December 31, 2024, reporting a total revenue increase to RMB2,170.99 million from RMB2,085.68 million in 2023. Despite the revenue growth, the company faced a net loss of RMB366.25 million, significantly higher than the previous year’s loss of RMB168.63 million, attributed to increased costs and expenses. The announcement highlights the company’s operational performance, with passenger throughput reaching 26.89 million and aircraft movements totaling 186,117 takeoffs and landings. The financial results indicate challenges in maintaining profitability despite increased operational activities, impacting stakeholders and the company’s market positioning.

More about Hainan Meilan International Airport Company

Hainan Meilan International Airport Company Limited is a joint stock company incorporated in the People’s Republic of China, operating in the aviation industry. The company provides both aeronautical and non-aeronautical services, with a market focus on airport operations, including passenger and cargo handling.

YTD Price Performance: 9.65%

Average Trading Volume: 500

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $598M

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