First half of 2014 marking increase in volumes

26.08.2014

At its session on 22nd August 2014, the Luka Koper’ s Supervisory Board was acquainted with non-audited report of the Group Luka Koper in the first half of this year and praised the work and efforts of all employees and the Management Board. 

»The Management Board is very satisfied with achieved results. The net profit is mainly the result of increase of revenues practically in all product groups, and mostly in containers' throughput. Also general cargoes performed well, where an upturn was recorded in volumes of ferrous materials, livestock and timber. Likewise, investments have been implemented according to the plans, and increased by 158 percent in comparison to the previous year. As announced, this year is particularly marked with investments in infrastructure and equipment. And I should mention the most important one, the dredging of Basin I, which is currently being finalised«, commented on the business results the President of the Management board of Luka Koper, Mr. Dragomir Matić.

 

(in euro)
 Jan-Jun 2014
Jan - Jun 2013
Index 2014/2013
Operating revenues
79.989.939
73.237.892
109
Operating profit (EBIT)
18.328.950
10.830.594
169
EBITDA
31.946.005
24.785.305
129
Financing gain (loss)
-1.609.006
-2.577.343
62
Pre-tax profit
16.719.944
8.253.251
203
Net profit
14.475.900
7.793.205
186
Investments in real-estate, plant and equipment, and intangible assets
16.898.133
6.562.057
258
Cargo throughput
9.264.626
8.900.963
104

 
In the first half of 2014, the Luka Koper Group handled a total of 9.3 million tonnes of cargo, which is four percent above the first half year 2013 and two percent ahead of plans. First half year operating revenues amounted to almost 80 million euros, which is 4.9 million (six percent) ahead of the plan and 6.8 million (nine percent) more than in the first half of year 2013. 

In the first half of 2014, operating expenses of the group remain at last year's level which is 63.9 million euros. EBIT in the amount of 18.3 million euros was sixty-nine percent ahead of the same period last year. EBITDA, amounting to 31.9 million euros, increased by twenty-nine percent. 

Net profit for the first half of 2014 amounted to 14.5 million euros, which is 6.7 million (eighty-six percent) ahead of the equivalent last year period.