Business News

Luka Koper Profit Tops EUR 5M in H1

Koper, 27 August (STA) - The group around Luka Koper, the operator of Slovenia's sole sea port, generated EUR 62.2m in sales revenues in the first half of 2010, which was a 4% increase over the same period last year, the group said in a press release on Friday. The group's net profit amounted to EUR 5.4m, 46% up year-on-year.

Trans-shipment at the port increased by 22% in the first six months. The increase in sales revenues was not as steep, as the goods were shipped away relatively fast, which in turn decreased income from storage.

The press release also says that the port operator managed to decrease labour costs. This reflected in operating profit, which was up 19% compared to the first half of 2009, amounting to EUR 20.6m.

However, the total operating costs increased by 4% year-on-year, reaching EUR 54.7m. This was due to depreciation resulting from big investments improving the capacities of the port's terminals.

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