FRIDAY, March 29, 2024
nationthailand

AOT enjoys profit growth

AOT enjoys profit growth

Airports of Thailand (AOT) announced its net profit for the first quarter of fiscal year 2017 (October - December 2016) at Bt5.08 billion against Bt4.626 billion in the same period a year before.

The company reported the Stock Exchange of Thailand on Tuesday (Feb 14) that revenues from sales or services increased by 6.76 per cent as a result of an increase in aeronautical revenue of Bt254.32 million or 3.72 per cent and non-aeronautical revenue of Bt544.45 million or 10.93 per cent because of increasing in number of flights and passengers. Other income increased by Bt209.90 million or 57.82 per cent mainly from an increase in gain on foreign exchange.

AOT, the operator of six international airports, noted that due to a stable domestic political situation, the government’s domestic and international tourism stimulus policies, increased the demand of air travelling were factors in the positive results for domestic aviation industry. Especially, low cost airlines which are still expanding continuously.

In this fiscal year, AOT will receive positive factors throughout the year from the opening of Terminal 2 of Don Mueang International Airport and International terminal of Phuket International Airport. This can accommodate an increase in passenger volumes and commercial rental areas at these airports.

For the new master plan starting from the fiscal year 2017 to the next 10 years, AOT plans to increase the proportion of commercial rental areas in the airports, which are a stable revenue source from long term agreements and a guaranteed minimum rental income to reduce the instability in the aviation business.

nationthailand