Novaturas Q2 net profit almost flat at €3.5 mln

WSE-listed Lithuanian tour operator Novaturas reported Q2 consolidated net profit of € 3.5 million compared to €3.4 mln y/y. Operating profit grew to €4.5 million from €3.9 million in Q2 2017. EBITDA increased to € 4.6 million from €4.1 million y/y. Q2 revenue rose to €54.4 million. In H1 Novaturas recorded an increase in clients in its all three main markets: in Lithuania and Latvia, the growth of passengers was 43 percent y/y, while in Estonia it amounted to 38 percent y/y.