Luka Koper Saw Profits Rise 71% for 2018

By , 23 Feb 2019, 11:16 AM Business
Luka Koper Saw Profits Rise 71% for 2018

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STA, 22 February 2019 - Port operator Luka Koper posted a group net profit of EUR 60m last year, an increase of 71% compared to the year before, as net revenue rose by 7% to EUR 226m on a record volume of transshipment.

Operating profit (EBIT) was up 90% to EUR 70m. Discounting one-off compensation payment of EUR 9.6m accounted for in 2017 revenue and provisions for legal liabilities of EUR 15.7m accounted for in 2017 expense, EBIT was up by 15% in real terms, the company announced via the Ljubljana Stock Exchange.

Without taking into consideration the compensation received and the provisions, net profit increased by 9% in real terms in 2018.

The port transshipped a record 24 million tonnes of cargo in 2018, up 3% from the year before. Container throughput was up by 8% to 988,000 TEUs and car throughput rose by 2% to 754,000 vehicles.

The port's cruise terminal recorded 101,415 passengers, a rise of 41% from 2017.

Capital expenditure decreased by 56% to EUR 16m, while the number of the group's employees increased by 12% to 1,242.

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