By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

DESPITE suffering an almost-36 per cent net income decline to $7.77 million for the year to end-June, the Nassau Airport Development Company (NAD) still had a large enough bottom line to maintain its credit rating and service its debt.

The Lynden Pindling International Airport (LPIA) operator also recorded a revenue increase of $5.3 million year-over-year to finish its 2011 financial year at $46.7 million, according to its audited financial statements. These also revealed that costs increased by $1.5 million to $19.2 million.

Giving an overview of NAD's financial performance, its chief financial officer, Paul Wa ...

Click here to read more at The Tribune