Airports of Thailand sees nine-month commercial revenue climb
By Mei Ling Tan
1 min read
Airports of Thailand saw non-aeronautical revenue climb 21.34% to Bt3.83bn ($107m) in the first nine months of 2016, mainly as a consequence of an increasing number of flights and passengers.
Revenue generated from duty-free sales increased by Bt934m, with the majority of non-aeronautical attributed to concession revenues. Non-aeronautical revenue represented also 43% of the total revenue share.
Concession revenue represented Bt13.62bn in the nine months of 2016, up 16.1% year-on-year from the Bt11.73bn registered in the same period of 2015.
Total revenues grew by Bt7.27bn up to September 30 this year, while generating net profit of Bt19.57bn, up Bt842m or 4.5% from the same period last year.
