GAP Reports 36.9% Rise in First Quarter Income
 Comtex
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May 02, 2010
Mexican airport operator Grupo Aeroportuario del Pacifico SAB de CV (GAP announced on Wednesday that its net income for the first quarter of 2010 rose by 36.9%, or MXN149.7m, compared to the same period of last year.
According to GAP this improvement was mainly due to greater inflation in the first quarter of 2010, which caused a MXN175.1m drop in income taxes for the period compared to the first quarter of 2009.
Revenues for the quarter increased by 5.7%, or MXN51.0m, compared to the first quarter of 2009, primarily due to a 9.1% rise in revenues from aeronautical services.
GAP operates 12 airports in the Pacific region: Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, La Paz, Manzanillo, Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis.
(USD1=MXN12.35)
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