THAILAND. State-owned Airports of Thailand generated THB7,099 million (US$227.9 million) in non-aeronautical revenues for the three months ended 31 December 2019 (the company’s first financial quarter), up 3.3% year-on-year. This represented 44% of group income for the period.

Within this, the key figure for concession revenues rose by +1.5% to THB4,403.42 million (US$141.3 million). Concession income (mainly from King Power International’s duty free and related businesses) accounted for two-thirds of non-aeronautical revenues.

The Q1 breakdown of non-aeronautical revenues (above) and the detailed financial performance (below); click to enlarge

Total revenues for the quarter climbed by +8.4% to THB17,116.76 million (US$549 million) with net profit rising by +15% to THB7,348.68 million (US$236 million).

The total number of passengers across AOT’s Thai airports network reached 36.7 million, a +3.2% increase compared to the same period last year. This included 22.2 million international and 14.5 million domestic passengers.