Tag: Airports Company South Africa
ACSA sees decline in profits in tough economic environment
Airports Company South Africa has reported revenue of R 7.1 billion which is up 5.6 per cent from the previous year. While revenue was up, the weak economy and cost pressures resulted in earnings before interest tax, depreciation and amortisation of 4.6 per cent and profit down by 58.9 per cent for the financial year to 31 March 2019. ACSA Acting CFO, Lindani Mukhudwani joins CNBC Africa for more.
International passengers lift Airports Company South Africa’s profits
State-owned airport operator Airports Company South Africa (ACSA) reported a 10.8 percent rise in full-year profit on Monday, lifted by growth in international traffic.
ACSA, which runs all the country’s major airports, said...
Airports Company reports FY revenue growth in tough conditions
Airports Company reports FY revenue growth in tough conditions
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