Queenstown Airport profits plummet during turbulent year
A massive 91 per cent drop in net profit reflects a turbulent year for Queenstown Airport Corporation.
The company's annual results for the year ending June 30 underscored the complex and uncertain operating environment created by Covid-19, board chairwoman Adrienne Young-Cooper said.
Total passenger movements (arrivals and departures) were down 29 per cent compared to the year before and 42 per cent compared to the year ended June 30, 2019.
Net profit dropped 91 per cent to $1.6 million from $18m last year and total revenue was down 40 per cent to $27.8m.
No annual divided would be paid to shareholders.
For a bit of fun...
What old products do you miss? Some products do become part of your life, whether it's just a treat you have at the cinema or your favourite breakfast spread.
Do you have a childhood memory to share? Let us know below what products you still think of fondly!
It's prize draw Tuesday...
...and our winners can treat the young people in their lives. Congratulations to:
Lauren Brown from Invercargill
Paula Ratahi from New Plymouth
Whetu Matthews from Tauranga
Geraldine Alison from Whangarei
These members have won a $100 Toyworld gift card! Get in touch here before the 16th of July, winners!
We have a prize draw every Tuesday so make sure you come back every week and check whether you're a winner.
Win a brand-new home!
For only $15 a ticket, you could be in to win this brand-new, fully furnished Jennian home located in gorgeous Mangawhai, worth almost $1.4 million dollars.
Featuring three bedrooms, two bathrooms and an open-plan kitchen, living and dining area, this home is waiting to be loved by its new owner.
Make this coastal property your permanent residence, a holiday home, a rental, or you can simply sell it!
Get your tickets today at heartlottery.org.nz.
Loading…
