Russia’s Global Ports posts 9% net income growth in H1

By bne IntelliNews September 14, 2015

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

Kazakhstan cuts grain export forecast as Russia squeezes it out of markets

Kazakhstan has cut its grain export target for the 2017/2018 marketing season to 8mn tonnes of grain from the previously expected 9mn tonnes, Deputy Agriculture Minister ... more

Iran rejects idea that a Caspian Sea settlement is in sight

Iran’s foreign ministry has rejected the suggestion that the five littoral states that share the shore of the Caspian Sea have largely agreed to delineate its maritime borders and settle their ... more

Russian embassy suggests Turkish Stream as a solution to air pollution in Macedonia

The Russian embassy in Skopje has suggested the Turkish Stream pipeline as a solution to the extreme air pollution in Macedonia, a problem which the country, particularly the capital, has ... more

Dismiss