reports
- Vladan Pavlovic
Belgrade Airport (AERO)
​Belgrade Airport (AERO) reported RSD 510.2m in 1Q17 net profit, up 2.6% y/y, while operating profit came in at RSD 587.9m, up 8.5% y/y. The lower growth in bottom line arrived on the back of worsen net financial result and appearance of not so huge RSD 25.2m in write-offs. The company’s sales arrived at RSD 1.96bn, up 11.3% y/y, mainly in line with growth in number of passengers and traffic volume. According to the latest report, final number for net profit in 2016 is at RSD 3.2bn, down 3.1...
- Vladan Pavlovic
Belgrade Airport (AERO)
​Belgrade Airport (AERO) reported RSD 2.95bn in FY 2016 net profit, down 10.3% y/y, on lower operating profit and worse financial and other result. This is slightly lower versus expected since the management was targeting EUR 26-30m range for net profit in 2016. Operating profit came in at RSD 3.49bn, down 4.2% y/y, mainly on higher cost of salaries. The company’s operating sales arrived at RSD 8.5bn, up 5.1% y/y, which is in line with overall increase in traffic volume (number of passengers...
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