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Acsa says Mumbai remains profitable.
Byline: Julius Baumann
Acsa says Mumbai remains profitable JULIUS BAUMANN Aviation and Tourism Editor AIRPORTS Company of SA's (Acsa's) 10% stake in India's busiest airport, Mumbai International Airport, continued to provide a healthy return in the year to March despite a sharp slowdown in the country's air travel market. In its latest annual report Acsa values its stake in the airport at R459m, a sharp increase on its R30m initial investment. Haroon Jeena, Acsa's group commercial executive, said yesterday while the stake was valued at R500m last year, the drop in value was largely due to a change in the way Acsa accounted for the investment, which was now regarded as an …
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- Julius Baumann.
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