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Brazil operations drag down Changi Airport Group's profits
Changi Airport Group's post-tax profits fell to S$657 million in FY16/17 from S$784 million in the previous fiscal year, weighed down by an impairment loss of S$110 million for its overseas airport investments.
PHOTO: REUTERS
Singapore
CHANGI Airport Group's post-tax profits fell to S$657 million in FY16/17 from S$784 million in the previous fiscal year, weighed down by an impairment loss of S$110 million for its overseas airport investments.
The loss was largely due to the deterioration of Brazil's...
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