TAV Holdings 3Q2009 revenue up 1.5%, profit up 47%

Turkey's TAV Holdings revenue up 1.5% - financial highlights for the three months ended 30-Sep-2009:

• Revenue: EUR177.8 million, +1.5% year-on-year;
  • Terminal operations: EUR73.0 million, -0.3%;
  • Catering: UER11.8 million, +1.2%;
  • Duty free: EUR40.2 million, -0.3%;
  • Ground handling: EUR47.0 million, +5.3%;
• Costs:
  • Construction costs: EUR48.9 million, -16.9%;
  • Duty free: EUR16.0 million, -4.7%;
  • Cost of services: EUR10.9 million, -11.1%;
  • Labour: EUR37.9 million, -3.2%;
  • Concession rent expense: EUR38.9 million, -5.6%;
  • Other: EUR17.4 million, -18.2%;
• Operating profit: EUR62.1 million, +47.4%;
  • Terminal: EUR30.8 million, +19.7%;
  • Catering: EUR1.3 million, -18.0%;
  • Duty free: EUR3.8 million, +33.1%;
  • Ground handling: EUR16.4 million, +9.7%;
• Profit before tax: EUR45.7 million, +61.6%;
• Net profit: EUR37.8 million, +38.9%. [more]