GUADALAJARA,
Mexico,
Feb. 23 /PRNewswire-FirstCall/ -- Grupo Aeroportuario
del Pacifico, S.A.B. de C.V. (NYSE: PAC) (BMV: GAP) ("the Company" or "GAP")
today reported unaudited results for the fourth quarter of 2006 ended
December
31, 2006. Figures are unaudited and have been prepared in accordance with
Generally Accepted Accounting Principles in
Mexico (NIF). Except as otherwise
indicated, all peso amounts are presented herein in constant pesos with
purchasing power as of
December 31, 2006.
Highlights of 4Q06 versus 4Q05:
- Revenues increased 9.5%, or Ps. 64.3 million, mainly due to a Ps. 40.9
million (7.4%) increase in revenues from aeronautical services, of which Ps.
31.1 million, (76.0% of the increase) is derived from a 7.2% increase in
revenues from passenger charges.
- Revenues from non-aeronautical services increased Ps. 23.4 million, or
18.6%.
- Passenger traffic increased 8.7% and workload units (WLU)(1) increased
8.9%.
- Cost of services increased 5.2%; as a percentage of revenues it
decreased 3.9% and per WLU it decreased 3.4%.
- As a result of the increase in revenues, the cost corresponding to
government concession fees increased 9.5% (Ps. 3.2 million). The increase in
revenues was offset by a 5.8% increase in the cost of services (excluding
payment for technical assistance, depreciation and amortization) and as a
result the technical assistance fee increased 10.9% (Ps. 2.6 million).
- Operating income increased 0.4%, from Ps. 265.7 million in 2005 to Ps.
266.8 million in 2006.
- EBITDA increased 11.3%, from Ps. 427.4 million to Ps. 475.8 million.
- Net income increased 128.4% from Ps. 134.6 million to Ps. 307.4 million,
mainly due to a reduction in the asset tax base for the airports of
Aguascalientes, Hermosillo, La Paz, Los Mochis, Morelia and Manzanillo, in
accordance with the decision made by the federal appellate court in the legal
proceeding against the Ministry of Finance and Public Credit.
For the full version of this report please see the Company's web site at
www.aeropuertosgap.com.mx under "Investors"
(1) Workload units represent passenger traffic plus cargo units (1 cargo
unit = 100 kilograms of cargo).
For more information please visit www.aeropuertos gap.com.mx or contact:
In Mexico In the U.S.
Rodrigo Guzman, Chief Financial Officer Maria Barona
Miguel Aliaga, Investor Relations Officer Peter Majeski
Grupo Aeroportuario del Pacifico, i-advize Corporate
S.A.B. de C.V. Communications, Inc.
Tel: 01 (333) 880 1100 ext 216 Tel: 212 406 3690
maliagag@aeropuertosgap.com.mx gap@i-advize.com