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Alpha putting its problems behind it

Alpha Airports Group is in re-building mode after a turbulent

year in 2006 involving financial scandals and executive departures. Alpha reported

a 1.9% year-on-year increase in revenue for the 12 months ended 31-Jan-07. Revenue

from airport services rose 5%, compared to a 1% fall in revenue from airline

services. Operating profit however fell 61%, due to exceptional costs related

to last year’s "internal events", which led to a share suspension

and a restructuring of its airport services division in 2006.

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