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Dublin: 13 °C Sunday 12 July, 2020

DAA made after tax profits of €19 million in 2012, down €11 million on 2011

The Annual Report for the group shows that is also incurred exceptional losses of €24 million.

DAA Chairman Pádraig Ó Ríordáin (file photo)
DAA Chairman Pádraig Ó Ríordáin (file photo)
Image: Mark Stedman/Photocall Ireland

DUBLIN AIRPORT AUTHORITY made an after tax group profit of €19 million in 2012, down €11 million on 2011, its Annual Report has revealed.

This included an exceptional loss of €24 million, however, resulting from the group’s cost recovery programme and a provision for restructuring costs.

This was compared with 2011, which had a net exceptional profit of €4 million.

Total turnover for the group was €575 million for 2012, up €18 million on 2011.

Operating costs for 2012 increased by three per cent, or €8 million, while group payroll costs decreased by €2 million (one per cent). Non-payroll costs were reduced by €10 million (eight per cent).

DAA chairman Pádraig Ó Ríordáin said that the group remained “committed to encouraging further growth in traffic by proactively marketing our airports and providing best-in-class incentive schemes”.

Read: Management to help with security screening at Dublin Airport >

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Paul Hyland

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