Better than expected profit for HK Airport

The Hong Kong Airport Authority said its first-half net profit surged 50 per cent from a year earlier amid a robust recovery in demand for cargo and passenger services.

"Air cargo, which suffered the most during the economic downturn, did particularly well in the period under review, boosted by robust export and transhipment,” said HKAA’s chief executive, Stanley Hui. Cargo volumes increased 27 per cent to 2.1 million tonnes from 1.7 million tonnes.