Net profit more than doubles
Aerodrom Ljubljana's excellent operating results continue. In the first nine months of 2007, the company recorded substantial growth in traffic, particularly cargo, revenues and profit.
In the first nine months of 2007, the airport served 1,182,528 passengers, an increase of 13% compared to the same period last year (82% of the annual plan). The number of aircraft movements rose by 14%, reaching 35,538 (78% of the annual plan) in the first nine months of the year. Cargo traffic in the first nine months of the year totalled 15,915 tonnes, an increase of 59% compared to the same period last year (95% of the annual plan). Air cargo, road cargo and postal cargo rose by 102%, 20% and 12%, respectively.
Operating revenues of EUR 28,301 thousand were generated during the accounting period, an increase of 30%. Operating expenses rose by 21%, reaching EUR 16,469. Operating profit of EUR 11,832 thousand was recorded, an increase of 44% compared to last year. Taking into account financial revenues and financial expenses and estimated corporate income tax, net profit for the period totalled EUR 15,554 thousand, an increase of 104% compared to the net profit recorded in the same period last year. The positive results of operations were also reflected in the trust of investors. The value of AELG shares more than doubled in the first nine months of the year.
In the first half of 2007, Aerodrom Ljubljana invested EUR 15,297 thousand of its own funds in the construction of buildings and the purchase of airport and computer equipment. The company's primary activity was the completion of the first phase of the new passenger terminal. In the scope of this investment, the B sorting unit was expanded and baggage sorting system upgraded.
Due to preparations of the airport infrastructure for a Schengen border crossing point, we also adapted the general aviation hangar in which a general aviation passenger terminal was constructed.
In September, construction of the DHL cargo terminal was completed. An extension of taxiway TWY A and two entrance and exit taxiways to the runway were constructed. During the extension of the taxiway, the runway was also extended by 300 metres. In the coming days the extension of general aviation parking apron to 10,000 m2 will also be completed.
Brnik, 28 November 2007