Grupo Aeroportuario Del Pacifico B : de C.V. Announces Results for the Fourth Quarter 2014
February 27, 2015 at 08:37 am EST
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Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) (BMV:GAP)
(“the Company” or “GAP”) reported its consolidated results for the
fourth quarter ended December 31, 2014. Figures are unaudited and
have been prepared in accordance with International Financial Reporting
Standards (“IFRS”), issued by the International Accounting Standards
Board (“IASB”). All amounts are presented in nominal pesos.
Summary of 4Q14 vs. 4Q13:
The sum of aeronautical and non-aeronautical revenues increased Ps.
29.3 million, or 2.3%. Total revenues decreased 0.5%, or Ps. 7.1
million.
Cost of services decreased Ps. 23.1 million, or 7.5%, compared
to 4Q13.
Operating income increased Ps. 47.3 million, or 7.6%.
EBITDA increased Ps. 81.0 million, or 9.6%, in 4Q14 compared to
4Q13. EBITDA margin (excluding the effects of IFRIC 12) increased from
67.3% in 4Q13 to 72.0% in 4Q14.
Net income and comprehensive income declined by Ps. 268.5 million,
or 30.0%, mainly due to our recognition of deferred taxes in 4Q13
as a result of the 2014 fiscal reform, which generated a benefit of
Ps. 207.4 million. Nonetheless, Net Income for the 2014 fiscal year
only decreased by Ps. 3.7 million.
For the full version of this report please
visit www.aeropuertosgap.com.mx
Grupo Aeroportuario del Pacifico, S.A.B. de C.V. is a holding company. The Company holds concessions to operate, maintain and develop approximately 10 international airports in the Pacific and Central regions of Mexico, and an international airport in Jamaica. The Company's segments include Guadalajara, Tijuana, Puerto Vallarta, San Jose del Cabo, Montego Bay, Hermosillo, Bajio, Other Airports and Others Companies. The Other Companies segment includes Servicios a la Infraestructura Aeroportuaria del Pacifico, S.A. de C.V. (SIAP), a company that provides technical assistance and professional services; Corporativo de Servicios Aeroportuarios, S.A. de C.V. (CORSA), a company that provides operative services specialized in aeronautical industry; Puerta Cero Parking, S.A. de C.V. (PCP), a company that manages the parking lot operation; Fundacion Grupo Aeroportuario del Pacifico, A.C., and Desarrollo de Concesiones Aeroportuarias, S.L. (DCA), as well as the Company's own operation.
GRUPO AEROPORTUARIO DEL PACÍFICO, S.A.B. DE C.V. 
