Amadeus posts 2011 profit of 453.7 bn euros

Feb 24, 2012

The Spanish group Amadeus, a world leading technology provider for the travel and tourism industries, posted on Friday a jump of 657 percent in 2011 net profit, owing to one-off effects.

The group's net profit of 453.7 million euros ($607 million), came in large part as a result of a favourable comparison with 2010, when Amadeus returned to the with a 1.3-billion-euro listing after a five year absence.

When exceptional items were stripped out, the group's showed a more modest gain of 20.8 percent to 487.2 million euros, a statement said.

Amadeus has benefited this year from a rebound in international tourism.

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madc02
not rated yet Feb 24, 2012
um... I may have to check my math here, but I'm pretty sure that 453.7 billion euros is not the same as 453.7 million euros.

Was this headline just made to make me click??
Doug Champion
Feb 24, 2012
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