Spanish airport shop retailer Aldeasa has reported a 17% fall in first half net profits to E10m ($12.37m), because of the high costs attributed to the takeover of the group by Autogrill and French Spanish
tobacco company Altadis.
The company was taken over earlier this year for a price of E768m ($952m). Aldeasa's operating profit also fell by 14% to E14.2m ($17.6m) due to costs associated with the takeover. Nevertheless, revenues grew by 5.2% to E300.6m ($372.5m), driven by a 21% increase in international business.