Henri Coanda airport operator CNAB profit up by 21.3 pct to EUR 33.7 mln in H1

The National Company Aeroporturi Bucuresti (CNAB) saw its profit grow by 21.3 percent to EUR 33.7 million in the first semester of 2017, compared with the same period of 2016, according to a CNAB document submitted to several investors.

The revenues from aeronautics activities exceeded EUR 77.7 million, higher by 18.3 percent than the non-aeronautics ones of EUR 31.05 million, an increase by 22.16 percent. A share of 76 percent of the aeronautics revenues represent the passengers’ taxes. The revenues from non-aeronautic sector is represented by retail with a share of 62 percent of the total.

The occupancy rate in retail was 97 percent in the first semester.

CNAB intends to build a new terminal on the International Airport Henri Coanda worth EUR 818.5 million, which will would double the passenger capacity.

The state-owned company manages the Henri Coanda and Baneasa airports in Bucharest.