Operational and financial success continues at TAV...
TAV Airports Holding (“TAV”) increased its consolidated revenue by 28% and operational profit by 36% in the first nine months of 2011.
TAV Airports completed a successful term according to financial results in revenue and operational profit in the first nine months of 2011. While TAV’s revenue in the first nine months of 2011 increased to 1,516,000,000 TL, marking a 28% increase, operational profit increased to 467 million TL, marking a 36% increase over the same period.
TAV Airports Holding Chief Executive Officer M. Sani Şener commented, “As TAV Airports, we have increased our consolidated revenue to 1,516,000,000 TL, marking a 28% increase. Likewise, interest, amortization and profit before tax increased by 36 percent over the previous year to 467 million TL. Şener called attention to the fact that operational performance is continuing successfully in 2011. In the first nine months of 2011, Tav Airports served 40 million passengers for an increase of 10% over the previous year, at 10 airports in Turkey and abroad. “TAV began its journey with Istanbul Ataturk Airport in 2000 and is increasingly gaining strength both financially and operationally, serving 5 countries on 3 continents, with 10 airports under operation and approximately 20,000 employees.
About TAV Airports Holding
TAV Airports Holding is the leading airport operator in Turkey. The company Istanbul Ataturk Airport, the Ankara Esenboga Domestic and International Terminal, Izmir Adnan Menderes Airport International Terminal and Gazipasa Airport in Antalya in Turkey. Internationally, TAV operates the Tbilisi and Batumi Airports in Georgia, Monastir and Enfidha Airports in Tunisia, as well as the Skopje and Ohrid Airports in Macedonia. TAV Holding has recently given the best offer for the Medinah Airport Tender of Saudi Arabia. TAV Airports operates in other branches of airport operations as well, such as duty free sales, food and beverage services, ground handling services, information technologies, and security and operations services. TAV Airports serves 420,000 flights and 48 million passengers on average each year. Company shares are listed on the Istanbul Stock Exchange since February 23, 2007 under the name "TAVHL."