skip to Main Content
Luka Koper Net Profit Down 40% In First Half Of 2020

Luka Koper net profit down 40% in first half of 2020

Source: Luka Koper
Koper, Slovenia (PortSEurope) August 27, 2020 – In January-June 2020, Luka Koper reported a consolidated net profit of €15 million ($18 million), down 40% on the first half of 2019. The decrease was due to the Covid-19 coronavirus crisis and the associated economic slowdown. Consolidated sales revenue was down 11% at €107 million due to reduced maritime throughput, mainly attributable to the Covid-19 outbreak, the
measures introduced to fight the spread of the disease and the economic slowdown. The port operator said that consolidated earnings before interest and taxes (EBIT) were down 42% on the year at €17 million, while earnings before interest, taxes, depreciation and amortisation (EBITDA) was €31 million, down 29%. In the first half of 2020, the port handled 10 million tonnes of cargo, a reduction of 15%, including general cargo down 32% at 477,000 tonnes. The volume of dry and bulk cargo fell by 26% on the year to 2.8 million tonnes and container cargo handling was 4% down at 4.7 million tonnes. Cars handled were down 21% at 272,000 units. Luka Koper d.d. is the operator of Koper port. Copyright (C) PortSEurope. All Rights Reserved. 2020.

To continue reading please subscribe or log in.

PortSEurope offers an English-language daily coverage from over 200 ports in the Mediterranean, Black and Caspian Seas as well as a fully indexed and easily searchable database with more than 15,000 articles.

Subscribe now
Back To Top