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Q3 loss by Airports of Thailand
by hlk Fri 12 Aug 2011, 12:43
BANGKOK: Airports of Thailand Pcl (AOT), the country's main airport operator, reported a net loss for the third quarter yesterday due to higher than expected costs.
The result missed an average forecast of a 405 million baht profit from six analysts surveyed by Reuters.
Majority state-owned AOT, which runs six airports, said in a statement it made a net loss of 26.77 million baht in the April-June quarter versus a 516 million baht loss a year earlier.
Analysts said growth in passenger numbers and aircraft movements plus the end of discounts on landing and parking charges in December 2010 had contributed to the narrowing in the loss. - Reuters
The result missed an average forecast of a 405 million baht profit from six analysts surveyed by Reuters.
Majority state-owned AOT, which runs six airports, said in a statement it made a net loss of 26.77 million baht in the April-June quarter versus a 516 million baht loss a year earlier.
Analysts said growth in passenger numbers and aircraft movements plus the end of discounts on landing and parking charges in December 2010 had contributed to the narrowing in the loss. - Reuters
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