Madrid, Spain (PortSEurope) April 13, 2018 – The combined profit of Spanish state-owned ports is expected to fall to €191.3 million ($235.6 million) in 2018, down 27.7%.
According to the balance sheets included in the General State Budget Bill for 2018, the turnover of the ports is seen at €1.089 billion ($1.341 billion) this year, down from €1.126 million ($1.386 billion) in 2017.
The fall is attributed to the 10% reduction of port fees, which generated an income of €281 million ($346 million) last year.
Source: Diario del Puerto
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