Business News

Net Profit at Luka Koper Down 37% in H1

Koper, 26 August (STA) - Port operator Luka Koper generated EUR 71.7m in operating revenues in the first half of 2011, which is 15% more than in the same period last year. Operating profit was up 74% year-on-year to EUR 13.2m, while net profit was down 37% to EUR 3.4m.

The management of the operator of Slovenia's sole seaport is however satisfied with the result. The write-off of the financial investment in logistics company Intereuropa excluded, the net profit stands at EUR 9.1m, Luka Koper CEO Gregor Veselko told the press after Friday's session of the supervisory board.

In the first six months of the year, Luka Koper transshipped 8.4 million tonnes of cargo, which is 8% more than in the first half of 2010. The biggest growth was recorded in transshipment of containers (up 36% to 302,345 units), cars (up 23% to 215,329) and liquid cargo.

The operator is expecting to generate a total of EUR 130m in operating revenues this year, Veselko said.

Chief supervisor Janez Pozar, who is also happy with the results, added that these numbers confirmed the fact that Koper had become No.1 seaport in the Adriatic Sea.

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