Athens ready for IPO after strong 2006 results
Athens International Airport (AIA) reported positive financial
results for 2006, using International Financial Reporting Standards (IFRS) for
the first time. Operating revenues and Airport Development Fund (ADF) payments
for the 12 months ended 31-Dec-06 rose 7.8%, boosted by improved performance
of commercial activities and a 5.6% increase in passenger traffic to a record
15.1 million. Operating expenses increased only 3.3%, leading to an 11.8% rise
in EBITDA. Pre-tax profit surged 66.9%.
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