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Friday, 19.04.2024, 00:41
Lithuanian Airports' FY net profit trebles to EUR 8.4 mln
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Tomas Krakauskas, chairman of the management board at LOU, said the company's return on equity came in at 6.9%, one of the best results among state-owned enterprises.
"The greatest financial flow continues to be generated from the core business. Therefore, despite planned upgrades at the airports of Vilnius and Kaunas, we plan to pay a record dividend to the state for 2018," Krakauskas said in a press release.
He did not give the exact figure.
Last year, the company paid its largest-ever dividend of 3.4 million euros, up from around 1.7 mln euros a year earlier, to the state.
LOU's aviation revenue rose by one-third last year compared with 2017 to 29.4 mln euros and non-aviation revenue went up by 30% to 14.6 mln euros. EBITDA rose by 8.8% to 17.7 mln euros.
The airports of Vilnius, Kaunas and Palanga handled a total of 6.3 mln passengers and 61,000 flights in 2018. Cargo volumes increased by one-fifth to almost 16,000 tons.
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