Originally Posted by
Bill Darlington
I do appreciate that EBITDA accounting is perfectly acceptable, entirely legal, but there are many CEOs and especially investors are not fans,
I guess conspiracy theorists, and I admit I am a little that way inclined, is that they are always looking beyond the problem, rightly or wrongly, without questions we don't know the answers , some of us simply have a suspicious nature, and seek explanations before we accept what's being told to us, we are who we are, we mean no harm
let us see what has happened in the last financial year that the results cover.
New Hangar 360 built and occupied. Draken increases fleet with 8x Honey Badgers arriving after gaining new contract increasing their business.
TVCA had moved into new office built at the airport.
Training Schools increasing fleets.
Fuel sales increased after increase in aircraft.
Cargo operations start.
More larger aircraft using airport than previous year.
108,362 extra passengers than previous year.
1,230 extra aircraft movements
Extra passengers means increased car parking revenues and spending in terminal businesses along with fees.
Turnover £15,575,088
Cost of Sales £14,226,132
So profit £1,348,956 on turnover vs cost of sales.
Interest Rate on Loans remain same level as they have done since purchase.
So there is a lot more going on than just passengers at the airport.