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Short-term issues cloud Hong Kong International Airport outlook

Airport Authority Hong Kong (AAHK) recently unveiled an 18% increase in net profit to USD291 million in the 12 months ended 31-Mar-08 – another healthy dividend for the Hong Kong Special Administrative Region. Revenue rose 11%, primarily due to expanding air traffic and higher retail sales, meaning net margin rose to a very healthy 26.5% and operating margin improved slightly from 60% to 62% - a figure every airline serving Hong Kong could only dream of.

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