Oman Airports registers record profits in 2023

Oman Airports registers record profits in 2023

As per the Oman Airports Outlook 2023 report, passenger numbers soared by 43.5 percent, consolidated revenue touched RO 149.7 million and net profits surged to RO 18.5 million.

The post Oman Airports registers record profits in 2023 appeared first on The Arabian Stories News.MUSCAT : Key highlights for the year 2023 are as follows:• Record profits since inception• Strong EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin, leading the aviation sector• Passenger numbers recovered by 79 percent from Covid-19 in Muscat Airport, and 100% in Salalah Airport.“The fiscal year 2023 proved to be a monumental success for Oman Airports and its subsidiaries marking a 45 percent increase in the net profit (2023 – RO 18.5 million) with an impressive growth of 27 percent in EBITDA (2023 – RO 31 million). These outstanding achievements stand as a testament to the dedicated efforts, operational efficiency, resource optimization, and relentless innovation exhibited by the management and our teams,” states the Outlook.Oman Airports has reported exceptional growth in both financial performance and operational efficiency during 2023, registering significant increase in passenger traffic, flight movements, and overall profitability.Passenger numbers witnessed a remarkable 43.5 percent increase compared to 2022, reaching a total of 14.2 million. This