New Headline: Annual profit of Nikola Tesla Airport in Serbia will sharply decline in the first half of the year

On August1st (SeeNews) - Property management company Aerodrom Nikola Tesla [BEL: AERO], the former operator of Belgrade's international airport in the capital of Serbia, stated that its net profit for the first half of2023 was3.5 million dinars ($29,900), significantly lower than the profit of57.7 million dinars reported for the same period last year. Revenue increased to451.2 million dinars in the first half from348.9 million dinars in the first half of last year, while operating expenses rose to445.5 million dinars from428.1 dinars, as reported by Aerodrom Nikola Tesla in a document presented at the Belgrade Stock Exchange on Monday.

In March2018, the French company Vinci Airports signed a25-year concession contract with Serbia to take over the operational activities of Belgrade Airport from Aerodrom Nikola Tesla. The contract includes financing, maintenance, expansion, and modernization of the airport.

The concession process began in December2018, during which the main activity of Aerodrom Nikola Tesla was changed to primarily leasing and property management, according to the information on the company's website. (1 euro =117.293 dinars)