November 11 (SeeNews) - Turkish airport operator TAV Airports Holding [BIST:TAVHL] saw its consolidated net profit rise 9.0% to 114 million euro ($153 million) in the nine months through September, it said.
The result came on the back of strong operational performance, despite foreign exchange loss and deferred tax expense, the company said in a financial statement released on Friday.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 22% on the year to 313 million euro, driven by strong operating leverage and favourable foreign exchange movements, TAV Airports said.
Total revenue grew 13% to 920 million euro, reflecting strong organic and inorganic growth.
Income from aviation services rose 13% to 243 million euro. Ground handling services generated 190 million euro, up by 14%.
Revenue from the Istanbul airport rose 11% to 529.9 million euro. The Ankara, Izmir and Gazipasa airports generated a revenue of 334.3 million euro, 47.3 million euro and 1.5 million euro, respectively. Revenue from the Monastir and Enfidha airports in Tunisia edged up by a combined 1.0% to 42.1 million euro, while that from Georgia's Tbilisi and Batumi airports rose 17% to 27.1 million euro. Total tevenue from Macedonia's Skopje and Ohrid airports rose by a 7.0% to 14.8 million euro. Revenue from the Medinah airport in Saudi Arabia more than doubled to 22.5 million euro.
The number of passengers served by TAV Airports in the nine months through September rose 19% to 64 million.
($ = 0.746 euro)