Monday, 25 June 2012

Taiwan's Taoyuan International Airport reports income of US$100m in 2011

Taoyuan International Airport Corp. posted NT$3 billion (US$100 million) in after-tax income in 2011, with half derived from duty-free sales, according to the year-old government-owned company, Taiwan's official Central News Agency reported.

The earnings, double the NT$1.5 billion budgeted at the beginning of the year, came after deducting operating costs, fees paid to the Taoyuan County government, and NT$4.4 billion in rental fees from revenues of NT$12.5 billion. Aviation revenues accounted for 45 percent of the company's earnings, while non-aviation revenues, consisting mainly of duty-free sales, accounted for the rest, said Samuel Lin, the company's president.

He said Japanese customers have traditionally been the biggest group of buyers of duty-free goods, but they have since been overtaken by Chinese tourists, the news agency reported.