Shanghai Airport Authority posted a net income of 2.53 billion yuan ($389.9 million) for the year ended December 31, 2015, up 20.8 percent from a year earlier, on this March 14.

It also means that the basic earnings per share stood at 1.31 yuan ($0.2).

Revenue for the operator of Shanghai Pudong International Airport (PVG) grew 9.29 percent to 6.29 billion yuan ($967.3 million) over the 12 months, while operating expenses also grew 7.6 percent to 3.2 billion yuan ($492.4 million), according to a Shanghai Stock Exchange announcement, released on March 11.

In 2015, Shanghai Pudong International Airport handled 449,200 takeoffs and landings, up 11.7 percent.

Pudong and Hongqiao International's passenger numbers came in at around 60 million and 38 million, respectively.

The company attributed the strong performance to the substantial growth of operating revenue and the steady fall in oil fuel costs during the reporting period.

In its outlook for 2016, the company says that Pudong International airport is expected to see 473,000 aircraft movements, with a passenger throughput of 64.5 million passengers.