Schiphol up 7% in first half

By Administrator |

The Schiphol Group achieved a first half net profit (excluding capital gains on investment property) of E72.5m, or 1.9% less than the net result for the corresponding period in 2004 (E74m). Including capital gains on

investment property, the net result (attributable to shareholders) for the first half of 2005 amounted to E76.9m.
These results follow the June 30 passing of the government bill to sell off a minority interest in the Schiphol Group, although how this will be achieved, via a trade sale or via a stock market flotation, is still to be decided.
Meanwhile, the number of passengers using Amsterdam Airport Schiphol rose by 3.2% in the first half of 2005 and cargo tonnage was up by 3.0%. The increase is slightly less than the forecast for the whole of 2005, as published in the 2004 Annual Report.
New security measures and higher insurance premiums caused security costs to rise by E19.5m to E82.2m in the period.

Middle East

MEADFA Conference 2024 ‘heading to Abu Dhabi on 17-19 November’

This year’s Middle East & Africa Duty Free Association (MEADFA) Conference will take...

International

DFWC Q1 2024 KPI Monitor indicates rise in duty free impulse purchases

Impulse purchasing within global duty free is on the rise, according to the latest Duty Free...

Asia & Pacific

Avolta details “bold and ambitious” goals to grow its APAC business

With a number of key developments coming to fruition, including its operations at Wuhan Tianhe...

image description

In the Magazine

TRBusiness Magazine is free to access. Read the latest issue now.

E-mail this link to a friend