25-Feb-2010 2:31 PM
MAp reports USD672.3 million loss before tax compared to USD2 billion profit in 2010
Analysis
Australia's MAp Group has released its financial highlights for the 12 months ended 31-Dec-2009. While operating costs reduced 29.3% year-on-year, revenue slumped 75.8% year-on-year to USD1,083 million, due to the "de-consolidation" of Brussels and Copenhagen airports and lack of re-valuation gains, producing a loss before tax of USD672.3 million, compared to a profit of USD1,996 million in the previous corresponding period.
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