HOCHTIEF AirPort posts strong first half results

Premium Analysis

HOCHTIEF AirPort (HTA), which has interests in Athens, Düsseldorf, Hamburg, Sydney, Budapest and Tirana airports, reported a 553.3% rise in profit before taxes in the six months ended 30-Jun-07. The remarkable result was influenced by the purchase of a 75% interest in Budapest Airport and by a special dividend paid by Sydney Airport, following the airport's refinancing. Apart from special results, revenue from all airport holdings increased.

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