Increase in airport profits
Malta International Airport’s profits increased from €16.8 million to €19.3 million, the company announced today.
It said the increase signalled that the company was on the right path to proceed with the next stages of its ambitious investment plan for this year and beyond.
Increases in revenues were registered by both the company’s aviation and non-aviation segments. The global sum of group revenues for last year was €66,965,843, up from €64,290,433 in 2014. Aviation revenues, which grew by four per cent to €46.4 million, were largely attributable to the record number of guests travelling through the airport last year.
With an increase of five per cent to €20 million, the company noted that it had once again achieved its target split of 30 per cent of group revenues for its non-aviation segment. SkyParks Business Centre was a key driver for non-aviation results, most notably since it has now reached its full retail and office potential. Contributions from the airport’s retail outlets, car park, and VIP product also led to growth in non-aviation revenues.
“Our positive financial performance puts us on the right track to realising our €78 million investment plan. This...