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Date
Wednesday, 25 August 2010 16:39
Written by Oliver

Airport investment giant records half-year profit

The MAp Group has reported a A$19.7 million net profit in the first six months of the year, thanks largely to a strong performance from European airport stakes and strong economic recovery in international markets.

 

The group posted a revenue of $205.5 million, up 18.2% from $173.9 million in the previous corresponding period with strong EBITDA growth of around 10% at Copenhagen and Brussels airports a contributing factor, the company said in a statement.

 

MAp sold its 16% stake in Mexican airport operator ASUR for $US207m earlier this month.

By Oliver Clark.

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