AdP's 'Paris strategy' paying off
Aéroports de Paris’ (AdP) five-year strategy to
focus on its Paris Charles de Gaulle and Orly airports is delivering early results.
AdP, which recently sold its entire shareholding in Beijing Capital International
Airport for a handsome profit, reported an 8.1% year-on-year increase in revenue
for the 12 months ended 31-Dec-06, due to "solid" passenger traffic
growth (+4.8%) and “dynamic” commercial activity. EBITDA rose 11%,
due to tight control of operating expenses (+4.8%), although net profit fell
15.5% because of costs associated with the company’s partial IPO, carried
out last year.
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