Global Ports Investments PLC has announced its full year results for the financial year ended 31 December 2015 calculated under IFRS.
The loss for the year decreased almost 6 times to $33.7 mln.
Global Ports’ consolidated revenue for 2015 was USD 405.7 million (-27.9%, year-on-year) and Adjusted EBITDA was USD 291.0 (-22.6%, year-on-year).
Global Ports Investments PLC is the leading operator of container terminals in the Russian market.
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.