Luka Koper Port Sees Profits Rise 22% Jan-Sept 2018

By , 27 Nov 2018, 10:20 AM Business
Luka Koper Port Sees Profits Rise 22% Jan-Sept 2018 www.luka-kp.si

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STA, 26 November 2018 - Port operator Luka Koper reported on Monday a nine-month net profit of EUR 49m, which is a 22% improvement on the same period last year. Net sales revenue was up 6% to EUR 168m.

Excluding the EUR 9.1m compensation received over damage to a bridge crane caused by a ship during a storm, the January - September 2018 net profit would amount to EUR 40.9m, a 3% year-on-year improvement, the company pointed out.

The group's operating profit (EBIT) rose by 29% to EUR 57m or by 8% to EUR 47.4m when discounting the mentioned one off event.

The core company recorded EUR 165.5m in revenue, a 7% increase, net profit rose by 22% to EUR 47.7m, EBIT by 30% to EUR 55.8m and EBITDA by 22% to EUR 77.2m.

Transshipment in the port was just under 18 million tonnes, which is on par with the first nine months of last year. March saw a monthly record of 2.3 million tonnes.

Luka Koper had a workforce of 1,217 at the end of September, a 11% increase on a year earlier.

It spent EUR 9.5m on investment at the level of the group.

All our stories on Luka Koper port are here

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