(MENAFN) Thailand's state-controlled airport operator Airports of Thailand Plc (AoT) has registered a 25.3 percent drop in net profit for fiscal 2014. A Bangkok Post report Thursday attributes this drop to lower foreign exchange gains, inflated impairment of assets and a slowdown in air traffic, QNA reported.
AoT posted a net profit of USD370.3 million in the last year, which ran from October 1, 2013 to September 30, 2014. It is USD125.07 million less than in fiscal 2013. Foreign exchange gains for the fiscal year decreased by 88.4 percent to USD11.05 million.
Losses from impairment of assets gets USD101.3 million or 102 percent due to a reversal in impairment amounting to USD109.2 million at Don Mueang airport and USD2.53 million at Chiang Rai airport.
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