Fraport Nine-Month Profit Drops Nearly 30% on Higher Costs
Fraport reported a nearly 30% drop in nine-month profit, citing higher costs.
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06:20:38 AM UTC
SquawkNews
German airport operator Fraport XETR:FRA reported a nearly 30% year-on-year fall in nine-month net profit on Wednesday, driven by higher interest expenses and increased depreciation and amortization from completed expansion projects in Lima and Frankfurt.The company posted a net profit of €314.5 mi…