LJUBLJANA (Slovenia), June 1 (SeeNews) – Slovenian port operator Luka Koper [LJE:LKPG] said its first-quarter consolidated net profit fell to 7.5 million euro ($8.3 million), from 14.4 million euro a year earlier, as the coronavirus crisis took its toll.
Consolidated sales revenue fell 6% on the year to 55.2 million euro in January-March due to lower volume of maritime throughput, mainly attributable to the COVID-19 outbreak, the measures introduced to fight the spread of the disease and the economic slowdown, Luka Koper said in a statement with the Ljubljana bourse on Friday.
The company's consolidated earnings before interest and taxes (EBIT) rose 9% to 8.6 million euro in the period under review, while the earnings before interest, taxes, depreciation and amortisation (EBITDA) dropped 37% to 15.5 million euro.
Luka Koper handled 5.2 million tonnes of cargo in January-March, down 12% on the year, with the most pronounced annual drop, of 27% to 1.5 million tonnes, registered in dry and bulk cargo. An overall 2.3 million tonnes of container cargo was processed in the period under review, down 6% on the year.
The port operator also saw a throughput of some 163,000 units of cars, down 4% compared to January-March 2019, it said.
Luka Koper's shares closed 1.66% higher at 18.4 euro on the Ljubljana bourse on Monday.
($=0.898682 euro)