Pre-tax profits at duty free operator halve

Pre-tax profits at Shannon-based duty free operator, Aer Rianta International almost halved last year to €18.9m.

According to new accounts filed by the Dublin Airport Authority (DAA) subsidiary, the firm recorded the drop in profits despite revenues increasing by 4% from €59.7m to €62.1m in the 12 months to the end of December last.

The directors’ report said “the trading performance of the company in 2012 has been satisfactory”.