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AoTs Bangkok headaches

Premium Analysis

Airports of Thailand (AoT), operator of Bangkok Suvarnabhumi,

Bangkok Don Muaeng, Chiang Mai, Chiang Rai, Phuket and Hatyai airports, reported

an 82.9% slump in net profit in the three months ended 30-Jun-07. The drop was

mainly attributed to a 138.4% year-on-year rise in operating expenses, due to

the opening of the New Bangkok Suvarnabhumi International Airport (in Sep-06)

and the reopening of Bangkok Don Mueang Airport early this year.

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