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MAp looking forward to 2007

Premium Analysis

Macquarie Airports (MAp), which has interests in Sydney, Rome,

Birmingham, Bristol, Brussels and Copenhagen airports, reported a 10.4% year-on-year

fall in net profit for the 12 months ended 31-Dec-06, due to a big increase

in expenses. Revenue rose by 2.2%. However, MAp delivered an 8.7% proportionate

EBITDA increase on the back of an overall 4.7% year-on-year rise in traffic

across the portfolio.

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