Financial News

(25-Jul-2003) LVMH Moët Hennessy-Louis Vuitton today announced consolidated sales in the first half of 2003 of Eu5.3bn ($6bn), a 9.9% drop compared to the same period in 2002. But operating income for the period rose 3% compared to last year.

(18-Jul-2003) Beirut Duty Free reported June sales up 52% on the same month last year on the back of a 10% passenger increase. General manager Gerry Crawford said that sales were particularly strong in the fragrances and cosmetics sector.

(18-Jul-2003) **DFNI Exclusive** Beirut Duty Free has reported June sales up 52% on the same month last year. In an exclusive on-site interview with DFNI earlier this week, general manager Gerry Crawford said that he expected sales to continue their improvement after a difficult start for the operator?s new retail complex.

(18-Jul-2003) Airports Company South Africa group executive commercial Rory Mackey tells TRW that major improvements to Johannesburg International airport's retail offer have helped grow the company's commercial revenues by 25%.

(17-Jul-2003) The airport's landlord believes the 42% passenger traffic drop in June is as bad as it will get

(8-Jul-2003) Kuwait Duty Free has shrugged off the combined effects of SARS and regional conflict to produce record results in June.

(8-Jul-2003) A strong performance from landside and airside concessionaires has helped Denver International airport achieve record revenues at the start of 2003.

(4-Jul-2003) The US Federal Aviation Administration has launched a study into the economic impact of airline bankruptcies on airports. The report will focus particularly on how airport operations and finances are affected.

(4-Jul-2003) State-owned Airports of Thailand (AOT) said it has delayed its public share offer until the first quarter of 2004 awaiting 2003 earnings that should surpass its previous estimate after the end of the SARS outbreak.

(3-Jul-2003) US-based liquor supplier Brown-Forman posted double-digit sales growth in its travel-retail business in the 2003 financial year, the company has reported.