Aer Rianta makes profit of €9m on sale of interests

The Shannon-based duty free operator Aer Rianta International last year booked a profit of €9.3m on the sale of interests in its Commonwealth of Independent States-based duty-free business helping to increase its profits by 51% to €28.5m.

The firm celebrated its 25th year in operation last year. It owns or operates retail businesses in nine countries across north America, the Middle East and Asia.

The accounts show the company had the large jump in profits in spite of revenues more than halving from €62.1m to €28.5m. This is mainly attributable to it selling its 33.3% shareholding in Aerofirst, the Moscow airport retail operation and its interest in Kievrianta LLC.