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Sydney Airport proves its worth to MAp, but outlook quickly souring Southern Cross Airport Holdings

Southern Cross Airport Holdings Ltd (SCAHC), operator of Sydney Airport Corporation Ltd (SACL), reported a 9.3% lift in EBITDA for the nine months ended 30-Sep-08, on an 8.7% increase in revenue. The 9.5% lift in EBITDA in the third quarter was enough to produce the airport’s second best quarterly EBITDA margin of 82%.

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