IRELAND. Aer Rianta International (ARI) posted pre-tax profits of €23.7 million in 2015, a rise of +10.5% year-on-year. The figures appeared in single company accounts filed by the overseas retail division of Irish state-owned DAA – its initial results were reported within DAA’s numbers in May.
These included a +19% leap in post-tax profits from operations and joint ventures outside Ireland. Managed turnover also rose by +19% across all locations.
ARI released a statement to us today, which said: “ARI has now just filed its single company accounts for the year ended 31 December 2015. These financial statements are prepared on a different basis to, and therefore differ from, ARI’s consolidated group accounts which were included in daa’s Annual Report which was released in May this year.”
The Middle East business delivered the largest proportion of the profit figure at 54%.
The results were also boosted by a new seven-year contract to operate at Auckland Airport, which began trading last year.
At the end of last year, the firm had accumulated profits of €280 million. Its cash position improved from €14 million to €19.38 million.
The accounts show €1.126 million in restructuring costs for 2015.