Australian Infrastructure Fund revenue & profit tumbles 50% - Airports Share Wrap

Despite the continued resilience of Australian airports and passenger numbers to the global financial downturn, revenue from ordinary activities and profits for Australian Infrastructure Fund (AIX) have dropped by more than 50% for the year to 30-Jun-2009. The result drove the company's shares down 1.4% in trading yesterday, but its cautiously optimistic outlook blunted a more serious drop.