The loss of Global Ports for the first half of the year amounted to $400.7 million

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AK&M 19 August 2022 12:01

The loss of Global Ports for the first half of 2022 amounted to $400.7 million as a result of the impairment of assets in the amount of $521.1 million. This was announced by the company.

Revenue increased by 18.2% to $271.6 million. Gross profit adjusted for asset impairment increased by 28.8% to $129.9 million. Adjusted EBITDA increased by 28% to $145.6 million.

Global Ports Group of Companies is one of the leading operators of specialized port terminals in Russia, the leader of the Russian container transshipment market. The Group operates a unique network of 7 multifunctional terminals in two key marine basins. The key activity of the Group is the transshipment of goods in containers. In addition, the Group transports other types of cargo, general and bulk bulk cargo, cars and ro-ro.