Net loss of Global Ports in HI’2018 fell 3.6 times to $3.3 million
Global Ports Group has announces its operational results and published its interim condensed consolidated financial information (unaudited) for the six month period ended 30 June 2018
The company reports a loss of USD 3.3 million in the first half of 2018 compared to a loss of USD 11.9 million in the first half of 2017 (down 3.6 times).
Revenue in the first half of 2018 increased by 7.9% to USD 175.3 million compared to USD 162.5 million in the first half of 2017 (up 11.8%).
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.