Russia Global Ports H1 revenue down 1.5 pct
MOSCOW, Sept 17 |
MOSCOW, Sept 17 (Reuters) - Russian ports operator Global Ports posted a slight drop in first half revenues at $255.7 million compared to $259.7 million in the same period of 2011 due to a fall in sales at its oil segment and Finnish assets, the company said on Monday.
The company's net profit decreased 12 percent to $72.5 million from $82.4 million for the period.
Its adjusted EBITDA margin was 56.5 percent compared to 55.8 percent a year ago, the company said.
Last week APM Terminals, the ports arm of Danish shipping group A.P. Moller-Maersk, said it agreed to buy a 37.5 percent stake in Global Ports from N-Trans for $860 million.
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