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Serbia's Aerodrom Nikola Tesla 9-mo net profit plunges

Author Radomir Ralev
Serbia's Aerodrom Nikola Tesla 9-mo net profit plunges saiko3p/

BELGRADE (Serbia), November 15 (SeeNews) – Aerodrom Nikola Tesla [BEL:AERO], the former operator of the international airport in Serbia's capital Belgrade, said it recorded a net profit of 76.7 million dinars ($720,300/653,100 euro) in the first nine months of 2019, down from 2.8 billion dinars in the like period of last year.

In the third quarter alone, its profit fell to 52.4 million dinars from a 1.3 billion dinars profit in July-September 2018, Aerodrom Nikola Tesla said in a filing with the Belgrade Stock Exchange.

Total revenue fell to 393.9 million dinars from 8 billion dinars, while total expenses declined to 276.6 million dinars from 4.6 billion dinars in the first nine months of 2018.

In March 2018, France's Vinci Airports signed a 25-year concession contract with Serbia covering the airport’s financing, operation, maintenance, extension and upgrade of Belgrade airport. Under the terms of the deal, Vinci Airports paid 417 million euro 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 concession took effect as of December 2018.

Belgrade airport served 4.75 million passengers in the first nine of 2019, up 7.4% on the year, Vinci Airports has said.

(1 euro = 117.440 dinars)