Friday, March 17, 2017

Fraport AG FY16 Profit Rises, Revenue Down 0.5%; Proposes To Increase Dividend

Fraport AG (FRA.DE, 0O1R.L, FPRUF.PK) reported that its fiscal 2016 Group result (net profit) increased by 34.8 percent to 400.3 million euros from 297.0 million euros, last year. Fraport noted that, without the special items and unscheduled depreciation and amortization, fiscal 2016 Group result would only have reached about 296 million euros. Profit to shareholders was 375.4 million euros compared to 276.5 million euros, prior year. Basic earnings per share was 4.07 euros compared to 3.00 euros.

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