Net profit of Global Ports up 8.9% to $72 mln in HI’2015

Global Ports’s net profit adjusted for impairment grew by 8.9% or USD 5.9 million to USD 72.1 million in the first half 2015 compared to USD 66.2 million in the first six months of 2014, the company says in its report.

The Group’s revenue decreased by USD 72.2 million, or 25.2% year on year, from USD 286.5 million in the first half of 2014 to USD 214.3 million in the first half of 2015. 

Adjusted EBITDA in the first half of 2015 decreased by USD 36.5 million, or 19.2%, from USD 189.9 million in the first half of 2014 to USD 153.4 million.

Global Ports’ terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal and Moby Dik in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland3 (Multi-Link Terminals Helsinki and Multi-Link Terminals Kotka). Global Ports also owns inland container terminals Yanino Logistics Park and Logistika-Terminal, both located in the vicinity of St. Petersburg, and has a 50% stake in the major oil product terminal AS Vopak E.O.S. in Estonia. Global Ports is developing as a strategic partnership of N Trans Group and APM Terminals, a company of A.P.Moller-Maersk A/S group.