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08 April 2020 The on-line newspaper devoted to the world of transports 04:10 GMT+2

March 11, 2020

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Global Ports Holding's economic results fall in the last quarter of 2019

Net sales decreased by -9.6%

The Turkish global investment holdings (GIH) group closed the 2019 with revenues of 1.44 billion Turkish lira (206 million Turkish lira) dollars), an increase of 27.7% on the previous year, of which 668.5 million Turkish lira (up 11.2%) generated by activities only carried out by the group through the subsidiary Global Ports Holding (GPH) which is also active in Italian ports (Catania, Cagliari, Ravenna and Venice). EBITDA amounted to 563.3 million lire (up 21.1%), with a contribution from port activities of 437.1 million (up 8.5%). GIH closed 2019 with a net loss of -131.0 million Turkish lira compared to a net loss of -89.9 million in 2018.

In the fourth quarter of last year alone, the division recorded net sales of 153.3 million l.a. down -9.6% on the same period in 2018, and EBITDA 93.5 million (-8.4%).

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