LJUBLJANA (Slovenia), December 2 (SeeNews) – Slovenian port operator Luka Koper [LJE:LKPG] said its net profit fell by 29% year-on-year to 35 million euro ($38.5 million) in the first nine months of 2019.
Luka Koper group's consolidated net sales revenue rose by an annual 3% to 174 million euro in January-September, the company said in a filing with the Ljubljana Stock Exchange on Friday.
“Higher revenue from marketing activity was generated, primarily from the warehousing and increase of some prices and more favourable cargo structure,” the company noted.
In the first nine months of 2019, Luka Koper group allocated 25 million euro to investments in property, plant and equipment, investment property and intangible assets, which is 18.1 million euro ahead of the comparable period in 2018. Investments were mainly allocated to the transshipment machines and a new entrance to the port of Koper.
Consolidated EBITDA fell 23% year-on-year to 61 million euro in the first nine months of 2019.
The group's total maritime throughput amounted to 17.74 million tonnes in the review period, just up from 17.66 million tonnes in January-September 2018.
At the end of September 2019, Luka Koper employed 1,699 people, up 40% on the year.
Luka Koper's shares traded at 23.0 euro, up 0.88%, on the Ljubljana Stock Exchange on Monday.
($ = 0.90730 euro)