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26-Aug-2009 11:46 AM

Australian Infrastructure Fund FY2009 revenue down 52.7%

Australian Infrastructure Fund revenue down 52.7% - financial highlights for the 12 months ended 30-Jun-2009:

  • Revenue: USD97.0 million, -53% year-on-year;
  • Operating costs: USD8.3 million, -37%;
  • Operating profit before interest and tax: USD88.7 million, -54%;
  • Profit before tax: USD79.4 million, -57%;
  • Net profit: USD83.8 million, -51%;
  • Passenger numbers: 123.0 million, -0.6%;
  • *Based on the conversion rate at USD1 = AUD1.20

Australian Infrastructure Fund: “Although AIX is not immune to the challenging economic and aviation climate, its portfolio largely comprises Australian airports, which have traditionally exhibited defensive characteristics, have continued to show growth despite generally poor economic conditions and have historically recovered general economic downturns and event-driven shocks within a relatively short period of time. AIX remains cautiously optimistic towards the short-term performance of these assets and is confident of their value over the longer term," Company statement. Source: AIX, 26-Auf-2009.

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