Changi Airport Group (CAG) posted record retail revenues and passenger traffic for the financial year ended 31 March 2012, it announced today.

CAG said it turned in a “sterling” retail performance during the financial year, raising concession sales at Changi by +19% to a record S$1.75 billion (US$1.43 billion) – easily outstripping the +12% growth in passenger traffic for the year.

“This places Changi firmly among the top four airports in the world in terms of annual retail sales turnover,” CAG said.