Grupo Aeroportuario Del Sureste (ASR-NYSE, $156.55) Reports Record 2016 Fiscal Results.

Revenues increased 8.8%. EBITDA grew by 20.2%. EPS increased by 24.5%. Operating margins surpassed 50% for fiscal 2016.

From an income statement perspective, the sharp depreciation in the Mexican peso has offered a material lift to earnings. Most of Asurs expenses are peso denominated, whereas a goodly portion of the revenue line is denominated in either US dollars or other foreign currencies.

This currency tailwind may persist throughout the balance of 2017.

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