Global Ports Investments PLC has announced its operational results and published its interim condensed consolidated financial information (unaudited) for the six month period ended 30 June 2016.
The Group’s profit for the period amounted to a profit of U.S.$113.4 million in the six months ended 30 June 2016 compared to a profit of U.S.$25.4 million in the six months ended 30 June 2015.
Global Ports’ revenue was 23.6% lower than in the first half of 2015 at USD 163.7 million while first-half Adjusted EBITDA declined 27.3% to USD 111.5 million mainly due to lower container throughput.
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 Finland (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.