COPENHAGEN, Denmark, May 2, 2002 (PRIMEZONE) -- Copenhagen Airport A/S:
Consolidated profit before tax amounted to DKK 46.5 million, which was at the upper end of the forecast. The profit was DKK 47.3 million lower than in 2001.
Traffic at Copenhagen was not as severely hit by the aftermath of the terrorist attacks on September 11, 2001 as had been expected. However, the parent company's revenue was DKK 13.9 million lower than in 2001.
The performance of the hotel activity was in line with the adjusted forecast following September 11.
As expected, the investment in Newcastle International Airport reduced the profit for the period, in the amount of DKK 34.3 million.
The profit for the first quarter confirms the forecast of a pre-tax profit for 2002 slightly above the pre-tax profit for 2001.
As from 2002, the Group's financial statements are presented according to the international accounting standards (IAS). The accounting policy changes have only a marginal effect on profit. The comparative figures have been restated.
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