DAA profit falls 9%, revenue flat

The Dublin Airport Authority has recorded a 9 per cent annual fall in profits to €30 million, while revenue has remained flat.

25th May, 2012
Dublin Airport

The Dublin Airport Authority has recorded a 9 per cent annual fall in profits to €30 million, while revenue has remained flat.

Earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 9% to €160 million in 2011, boosted by improved aeronautical revenue and a continued focus on cost reduction.

But turnover was flat during the year at €557 million, while group profit declined by 9% to €30 million, due to the impact of higher interest and depreciation charges.

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