Sydney Airport's H1 profit falls

Result hit by one-off ATO settlement expense.

Sydney Airport (SYD) says it is confident in further growth in operations and free cash flow over the rest of the year, after posting a drop in first-half profit.

For the six months to June 30, net profit dropped to $24 million, from $88.6 million in the previous corresponding half.

But the result was weighed by a $69 million tax expense on its non-binding, in-principle ATO settlement.

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