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Auckland Airport forecasts 12 percent annual earnings gain

from Bloomberg Businessweek

Auckland International Airport Ltd., New Zealand's largest, said underlying profit may increase as much as 12 percent this year as international travel recovers. Profit excluding one-time items and changes to the value of derivatives may be NZ$112 million ($79 million) to NZ$118 million in the year ending June 30, 2011, the company said. Underlying profit is expected to rise from NZ$105.1 million in the year ended June 30. more

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