Hamilton Airport Group FY24 pre-tax profit declines to $3.6M due to reduced travel, partially offset by diversification and asset investment.
Hamilton Airport Group experienced a significant decline in pre-tax profit for FY24, reporting $3.6 million, down from $18.6 million the previous year, largely due to reduced travel and tourism activity. Despite this, the group's diversification strategy and $7.3 million investment in long-term assets helped mitigate losses, raising total asset value to $274 million. The slowdown in passenger numbers and hotel occupancy contributed to a combined $0.5 million deficit for its operations.
October 23, 2024
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