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Showing posts with label Invepar. Show all posts
Showing posts with label Invepar. Show all posts

Thursday, September 13, 2012

■ SOUTH AFRICA: Airports Company South Africa bounces back with a USD22million profit for FY 2011/2012.

After a heavy loss of USD26.8million during the 2010/2011 Financial Year, The Airports Company South Africa (ACSA) announced yesterday that it had made a profit of USD22million for the 2011/2012 Financial Year, though it is unlikely that any South African airlines will be joining in the celebrations, as the main factor behind ACSA's return to profitability - a 70% hike in its tariffs - is one of the reasons why 1Time is in Business Rescue and Comair Limited posted no dividend for the same Financial Year.