Fraport Blames 1Q Profit Drop On One-Time Special Gain
German airports operator Fraport AG is blaming a 32.9% drop in profits in the first quarter — to EUR24.5 million (US$37.8 million) — on a one-time windfall it realized from the lease of the Frankfurt Airrail Center. Group operating results were up 1.1% to EUR115.4 million (US$178.3 million), while...
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