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COPYRIGHT 2004 Asia Pulse Pty Ltd
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FRANKFURT, March 30 /news aktuell-AsiaNet/ -- Frankfurt (ots) - In fiscal 2003, Fraport AG Frankfurt Airport Services Worldwide (FSE: FRA) achieved considerably higher revenues and earnings. The airport management company recorded an EBITDA (earnings before interest, tax, depreciation and amortization) of EUR503.4 million. Thus, despite the difficult market environment, the company slightly surpassed the previous year's figure after adjusting for the Manila write-down. Consolidated net income climbed by eight percent to EUR115.2 million. Fraport AG's executive board and supervisory board recommend a dividend payment of EUR0.44 per share.
Despite the impact of the Iraq war, the SARS (severe acute respiratory syndrome) disease, and the weak global economy, sales of the Fraport Group...
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