Shanghai International Airport said its net profits in 2018 are expected to grow 14.9% due to improved airport operational efficiency and increases in consumer air travel.
The net income attributable to its shareholders is estimated to reach 4.2 billion yuan ($625 million), the operator of Shanghai Pudong International Airport, the country's second busiest, said in its unaudited preliminary earnings estimate filed to the Shanghai Stock Exchange.
Its revenues are estimated to rise 15.4% year on year to 9.3 billion yuan, it said.
Shanghai Pudong International Airport handled 74 million passengers in 2018.
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