BELGRADE(Serbia), November 16 (SeeNews) – Aerodrom Nikola Tesla [BEL:AERO], the operator of Serbia's Belgrade airport, said its net profit rose 3.1% on the year to 2.776 billion dinars ($23.5 milion/26.6 million euro) in the first nine months of 2018.
Revenue increased 11.4% to 8.016 billion dinars in the first nine months of 2018, while operating expenses rose 19.9% to 4.574 billion dinars, Aerodrom Nikola Tesla said in a filing with the Belgrade Stock Exchange.
Revenues from the sales of products and services reached 7.207 billion dinars in the first nine months of 2018, up from 6.421 billion dinars a year earlier.
The airport serviced record-high 4.897 million passengers in the first ten months of 2018, up 6% year-on-year.
Serbia's government said in March it signed a 25-year concession agreement for the operation of the airport with France's Vinci Airports. Under the terms of the agreement, Vinci Airports will pay 417 million euro ($472.4 million) to the Serbian government and 84 million euro to the retail shareholders of Aerodrom Nikola Tesla for the concession plus an annual concession fee of between 4.4 million euro and 15.1 million euro.
The Serbian government owns 83.1% of Aerodrom Nikola Tesla.
(1 euro = 118.182 dinars)