earnings watch: credit suisse CS Tips MAP FY Net At...

earnings watch: credit suisse CS Tips MAP FY Net At A$953.6M

Tuesday, February 21, 2006 0:09:44 AM ET

1448 [Dow Jones] EARNINGS WATCH: Credit Suisse tips A$953.6 million FY net profit from Macquarie Airports (MAP.AU), expects final distribution of 9 cents. Expects upgrade of distribution guidance following close of Copenhagen acquisition to as much as 26 cents a share. Will be looking for update on operating outlook, acquisition/capital management plans. " In our view, the release of debt reserves at Copenhagen and cash on hand at Brussels could support a special distribution, or could be used to fund an acquisition internally," CS says. Keeps Outperform on stock, targets A$3.75 vs MAP latest A$3.10, up 3 cents. Result out tomorrow. (LMF)