Prinesha Naidoo
Airports Company South Africa’s full-year profit fell 59% to 227 million rand ($15.4 million) as a weak economy and cost pressures constrained revenue growth.
The company, which manages South Africa’s major airports, reported a 4.6% decline in earnings before interest, tax, depreciation and amortization to 2.8 billion rand, despite a 5.6% increase in revenue to 7.1 billion rand, Acting CEO Bongiwe Mbomvu said in a statement Tuesday.
