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TAV Airports Holding's revenue up 25% in 1H2010

12-Aug-2010 1:30 PM

Turkey’s TAV Airports Holding reports (11-Aug-2010) the following financial/traffic highlights for the six months ended 30-Jun-2010:

  • Revenue: EUR351.3 million, +25% year-on-year;
    • Aeronautical: EUR86.7 million, +26%;
    • Sale of duty free goods: EUR73.6 million, +11%;
    • Ground handling: EUR66.1 million, +42%;
    • Commission from duty free sales: EUR34.2 million, +9%;
    • Catering services: EUR20.5 million, +20%;
    • Other: EUR70.2 million, +41%;
  • Operating costs: EUR293.6 million, +21%;
  • EBITDA: EUR85.4 million, +52%;
  • Net profit: EUR6.9 million, compared with a loss of EUR2.5 million in p-c-p;
  • Operating cash flow: EUR64.5 million, +887%;
  • Total assets: EUR2,044 million, +6.3% when compared with period ended 31-Dec-2009;
  • Total liabilities: EUR1,527 million, +1.1% when compared with period ended 31-Dec-2009;
  • Net debt: EUR932.3 million, -4%;
  • Passenger numbers: 21.3 million, +13%;
  • Aircraft movements: 188,907, +9%. [more]