Auckland International Airport boosted annual profit 25 per cent on the back of an increase in passengers and a pick-up in the value of its property portfolio.

Net profit rose to $NZ178 million ($A159.27 million) in the 12 months ended June 30 from $NZ142.3m a year earlier, the country's main gateway said.

That beat First NZ Capital's forecast profit of $NZ155.6m.

Passenger movements rose 3.6 per cent to 14.52m while income rose 5.1 per cent to $NZ448.5m, and the value of the airport's investment property gained $NZ23.1m.

"Whilst we have seen some reductions in certain routes, our investment and work with our airline partners has resulted in a number of international and domestic airlines announcing new capacity and additional flights," departing chair Joan Withers said.

"Our strategic plan is to grow faster, aim higher and become stronger over the next 12 months."

Underlying profit, which strips out one-off items and fair value movements climbed 11 per cent to $NZ153.8m.

It predicts underlying earnings will rise to between $NZ160m and $NZ170m in the 2014 financial year.

The board declared a final dividend of 6.25 NZ cents per share taking the annual payment to 12 NZ cents per share.

Last month, the Commerce Commission signed off on Auckland Airport's targeted returns of eight per cent per annum between 2013 and 2017, saying it was within the regulator's acceptable range.

Domestic passenger movements climbed 8.4 per cent to 6.76m in the year, offsetting a 0.2 per cent decline in international passenger movements to 7.76m and a fall by the same amount in aircraft movements to 155,146.

International passenger movements at its Cairns Airport fell 0.8 per cent to 666,607, while domestic passenger numbers gained 6.3 per cent to 3.6 million. Domestic passenger numbers at the Mackay Airport fell one per cent to 1.11m.

Queenstown international passenger numbers jumped 24 per cent to 241,714 and domestic passengers climbed 12 per cent to 957,204.

Auckland Airport reaped $9.9m from its investments in North Queensland Airports, Queenstown Airport and Novotel Hotel.

The shares gained 1.2 per cent to $NZ3.25 on Tuesday, and have gained 22 per cent this year.

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