UPDATE: Ryanair Posts Drop In Profit

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Ryanair Holdings PLC
RYAAY
reported an 8% drop in its net income last year. Ryanair's net profit for the year ended March 31 slipped to 522.8 million euros ($716 million), versus a year-ago profit of EUR569.3 million. Its traffic increased to 81.7 million passengers last year, while ancillary revenue climbed 17%. Ryanair projects fares to increase 4% in the current year, while it expects traffic to rise to 84.6 million. Ryanair shares fell 1.09% to close at $50.98 on Friday.
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Posted In: EarningsNewsprofit
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