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6-Nov-2014 10:24 AM

Lithuanian State Airports reports better than expected 3Q2014 results

Lithuanian State Airports MD Gediminas Almantas reported (04-Nov-2014) it has achieved financial stability over the first nine months of 2014, following the merger of Vilnius International Airport, the Kaunas Airport state company and the Palanga Airport company in Jul-2014. 3Q2014 financial highlights:

  • Revenue: EUR21.5 million, +9.7% year-on-year and 6.4% above expectations;
  • Aeronautical revenue: EUR14.1 million, +10.3% and 4.9% above expecations;
  • Costs: EUR16.1 million, -14%. [more - original PR - Lithuanian]

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