Croatia's Luka Ploce cons pre-tax profit down 27% y/y in Q1

EBIT fell to 2.8 million euro from 3.8 million euro in the review period, Luka Ploce said in a statement filed with the Zagreb bourse on Tuesday. First-quarter EBITDA declined to 3.6 million euro from 4.4 million euro in the like period a year earlier.

The port handled 973,213 tonnes of cargo in the January-March period, down 17% on the year, mostly due to a drop of 28% in bulk cargo.

The volume of handled cargo in the first quarter of this year is 25% higher compared to the first half of pre-crisis 2021, it added.

The company's shares traded 4.72% higher at 13 euro on the Zagreb bourse intraday on Thursday.

($ = 0.936 euro)