Changi Airport Group reports net profit of SGD227 million in first post-corporatisation statement
Changi Airport Group (CAG) in its inaugural financial statement since corporatisation, separate from the management of the Civil Aviation Authority of Singapore (CAAS), reports a net profit of SGD227 million on a turnover of SGD961 million in the period Jun-2009 to Mar-2010, a margin of 23.6%. There are no figures for comparable periods. The world's 21st busiest airport continues to come under pressure from competitors increasingly located in the Middle East, especially Dubai.
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