FRANKFURT (Thomson Financial) - Fraport AG. said its first-half net profit declined to 92.1 million euros from 102.5 million euros in the year-earlier period as the company incurred higher interest payments related to Antalya airport and an agreement signed with Ticona GmbH.
Fraport in 2006 agreed to pay Ticona 670 million euros to buy properties at Kelsterbach near Frankfurt, clearing the way for the airport operator to build a new runway there.
Sales in the six months through June eased to 1.04 billion euros from 1.12 billion euros after the company sold security unit ICTS and did not repeat year-earlier revenue generated by an Airrail Center finance lease, Fraport said in its financial report. maria.sheahan@thomsonreuters.com mas/ejp COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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