October 3 (SeeNews) - Slovenian port operator Luka Koper [LJE:LKPG] has upgraded its net profit forecast for 2022 to 62.9 million euro ($61.7 million) from 31.4 million euro envisaged initially, it said.
Luka Koper expects to achieve net sales revenue of 300.7 million euro in 2022, up from 239.8 million euro forecast previously, as storage revenue increased in the first eight months of 2022 backed by longer dwell times in warehouses, the company said in a filing with the Ljubljana Stock Exchange on Friday.
In addition to storage revenue, the revenue growth of Luka Koper will also be supported by the increase in service prices, the increased volume of throughput of all commodity groups, and the increased volume of ancillary services, the port operator noted.
The revised 2022 business plan assumes that Luka Koper will achieve earnings before interest and tax (EBIT) of 69 million euro and a net profit of 63 million euro in 2022, the company noted.
Luka Koper's shares traded up 0.45% at 22.40 euro on the Ljubljana bourse by 1034 CET on Monday. The company closed down 0.4% to 22.30 euro on Friday.
($ = 1.0192 euro)