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Serbia's Aerodrom Nikola Tesla net profit declines in Q1

Author Radomir Ralev
Serbia's Aerodrom Nikola Tesla net profit declines in Q1 saiko3p/

BELGRADE (Serbia), May 16 (SeeNews) – Aerodrom Nikola Tesla [BEL:AERO], the former operator of the international airport in Serbia's capital Belgrade, recorded a net profit to 31.5 million dinars ($299,500/267,100 euro) in the first quarter of 2019, down from 444.4 million dinars in the like period of last year, it said.

Revenue decreased to 133.2 million dinars from 2.074 billion dinars, while operating expenses declined to 84.3 million dinars from 1.523 billion dinars, Aerodrom Nikola Tesla said in a filing to the Belgrade Stock Exchange on Wednesday.

On March 22, Vinci Airports signed a 25-year concession contract covering the airport’s financing, operation, maintenance, extension and upgrade. 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.

Belgrade airport serviced 1.035 million passengers in the first quarter of 2019, up 3.7% on the year.

(1 euro = 118.005 dinars)