The net income of Russia's container terminal operator Global Ports increased by 8.9% y/y to $72.1mn under IFRS in H1, the company reported on September 14.
The revenues for the period declined by 25.2% to $214.3mn, adjusted EBITDA was 71.6%. The operating income fell by 4.1% y/y to $120.9mn. The company reduced its capital expenditures by 63.8% to $4.7mn. Its net debt at the end of H1 amounted to $272mn.
Global Ports' main shareholders are Transportation Investments Holding Limited and APM Terminals B.V. with 30,75% each. Ilibrinio Establishment Limited and Polozio Enterprises Limited, former owners of NCC Group, bought by Global Ports at the end of 2013, hold 9% in the company. The remaining 20.5% of the shares are owned by the shareholders in the form of GDRs, listed on the London Stock Exchange.
Related Articles
Nairobi confirms Kenyan nationals joined Russian forces as recruitment networks draw scrutiny
Kenya has for the first time publicly acknowledged that some of its citizens have been recruited to fight in Russia’s war against Ukraine, following investigative reports detailing how young people ... more
Belgium threatens to block Ukraine reparations loan unless EU shares risks
Belgium has warned it will block a proposed reparations loan to Ukraine backed by frozen Russian assets unless other EU countries agree to share legal and financial risks, Belgian Prime Minister Bart ... more
Russia ready to cooperate with Iran on nuclear issues, says Peskov
Russia will continue to cooperate with Iran including in the field of “peaceful nuclear energy”, Kremlin spokesman Dmitry Peskov said on October 20, Vedomosti newspaper reported. ... ... more