Nikola Tesla Airport profit drops below RSD 3 billion in 2016 – Revenues increase to RSD 8.5 billion

The Belgrade Nikola Tesla Airport recorded a drop in profit in 2016, despite an increase in revenues and the absence of claim write-offs.

The biggest local airport recorded RSD 8.5 billion in revenues in 2016, a growth of 5.1% compared to 2015, thanks to increased passenger and cargo volume.

The company's operating profit dropped by 4.2% to RSD 3.5 billion, partly due to a higher cost of salaries, whereas the net profit dropped by 10.3% to under RSD 3 billion.

The airport's shares recorded the biggest YTD growth within Belex15. Despite last week's drop, the airport recorded a growth of 15% YTD, whereas its market capitalization amounts to RSD 45.6 billion (EUR 367.8 million) at the current price of RSD 1,330, Wisebroker reports.

A.D. Aerodrom Nikola Tesla Beograd

Nikola Tesla Airport

Nikola Tesla Airport profit

Nikola Tesla Airport revenues

Nikola Tesla Airport shares

Belex15

Belgrade Airport