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Takeover hits profits at AldeasaTakeover hits profits at Aldeasa
1-Sep-2005
SPAIN/INTERNATIONAL. Spanish travel retailer Aldeasa reported profits of €9.99m ($12m) in the first six months of 2005, a year-on-year fall of 16.9%
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The company attributed the drop to costs incurred during the acquisition of the group by Retail Airport Finance, a joint venture between Italian catering company Autogrill and tobacco supplier Altadis.
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(10-Aug-2005) - Analysts will be hoping Aldeasa's new owners can revive the company's fortunes after a drop in profits in the first half
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(1-Feb-2003) - By John GallagherSPAIN. Aldeasa, the Madrid-based duty-free and travel-retail operator, has announced net profits for 2002 of E22.1m ($24m), down 12.4 % on the previous 12 months.
(28-Feb-2003) - Aldeasa, the Madrid-based duty-free and travel-retail operator, has announced 2002 net profits of ?22.1m ($24m), down 12.4 % on the previous 12 months
(1-Mar-2005) - SPAIN. Aldeasa has announced full-year profits of Eu33.39m ($43.93m), an increase of 16.9% on the previous 12 months