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28-Oct-2011 1:22 PM

TAV Airports Holding reports 19% rise in EBITDA in 3Q2011

Turkey’s TAV Airports Holding revenue up 12% – financial highlights for three months ended 30-Sep-2011:

  • Revenue: EUR666 million, +12% year-on-year;
    • Aviation: EUR167.4 million, +8%;
    • Sales of duty free goods: EUR148.2 million, +23%l
    • Ground handling: EUR146.6 million, +21%;
    • Commission from duty free sales: EUR63.8 million, +12%;
    • Catering services: EUR38.6 million, +12%;
  • EBITDA: EUR205 million, +19%;
    • Airports: EUR155 million, +13%;
  • Net profit: EUR35.2 million, +5%;
  • Capital expenditure: EUR92 million, +28%;
  • Passenger numbers: 39.7 million, +10%;
  • Duty free spend per passenger: EUR14.4, +4%;
  • Total assets: EUR2047 million, +0.4% when compared to period ended 31-Dec-2010;
  • Cash and cash equivalents: EUR54 million, +68.8% when compared to period ended 31-Dec-2010;
  • Total liabilities: EUR1506 million, +0.5% when compared to period ended 31-Dec-2010. [more - original PR]

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