Fraport Nine-Month Net Profit Falls Nearly 30% on Higher Costs
Fraport reported a nearly 30% year-on-year decline in nine-month net profit, citing higher interest expenses and increased depreciation and amortization from completed expansion projects in Lima and Frankfurt.
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, which operates Germany's busies…