Half-year business results

04.09.2011

At its 26th August 2011 meeting, the Luka Koper d.d. Supervisory Board was introduced to the non-audited interim report of the Luka Koper Group for January to June 2011.

In the first half of 2011, Luka Koper handled 8,363,443 tonnes of cargo, which is eight percent ahead of the same period last year. Vehicles, as well as containerised and liquid cargos recorded the largest growth rates.

Operating revenues for January to June amounted to 71.7 million euros, which is 9.5 million euros (15 percent) up on the same period last year. The rise in operating expenses -amounting to 58.5 million euros - fell behind the growth in operating revenues, thus operational profitability has increased. The 13.2 million euro operating profit for the interim is 74 percent ahead of last year, whilst EBITDA - in the amount of 26.6 million euros - was 6.1 million euros up on the first half of 2010. 

In the first half of 2011, the Luka Koper Group generated a net profit in the amount of 3.4 million euros, which is 36 percent below January – June 2010. Without the impairment of the Group’s holding in Intereuropa d.d., net profit would have amounted to 9.1 million euros.