Shanghai Airport Group (Company) Ltd., which is listed in Shanghai, saw its net profit grow nine percent to 1.5 billion yuan (US$195 million) in 2006, according to its annual report.

The report said the company's earnings per share stood at 0.785 yuan, and the return on equity was 14.92 percent.

Shanghai Pudong International Airport, one of the two airports under the company, registered 231,995 take-offs and landings last year, up 13.14 percent, passenger traffic of 26.6 million, up 13.0 percent, and cargo of 2.2 million tons, up 16.78 percent.

According to the report, the main part of Shanghai Pudong International Airport's ongoing expansion project is estimated to cost 15 billion yuan (US$2 billion). Part of the money will be borrowed from banks as well as raised on markets.