Luka Koper d.d. Reports Consolidated Earnings and Production Results for the First Half Ended June 2018; Revises Earnings Guidance for the Year 2018
September 03, 2018 at 03:55 am EDT
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Luka Koper d.d. reported consolidated earnings results for the first half ended June 2018. For the period, the company reported net profit increased 27% year-on-year to EUR 34.8 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by an annual 27% to EUR 57.12 million. Net revenue from sales went up 5% to EUR 113.3 million, while investments totalled EUR 4.3 million in the first half of 2018, compared to EUR 29.4 million in the like period a year earlier.
For the half year, the company's total cargo throughput remained unchanged on the year at 12 million tonnes, while container throughput expanded to 488,000 TEUs, up 6% year-on-year. Throughput of cars amounted to 409,000 units, 17% ahead on the comparable period in 2017.
The company plans to end 2018 with a consolidated net profit of EUR 55.8 million, up from its earlier target of EUR 49.1 million, on the back of strong first-half results. The company expects its net sales to reach EUR 228.9 million in the year 2018, with strong EBITDA of EUR 95.4 million.
Luka Koper dd is a Slovenia-based company engaged in the provision of port and logistics services in the Port of Koper. The Company provides basic port services, such as sorting, palletising, sampling, protection, labelling, weighing, cleaning and other services; management of the economic zone; supporting services; cargo handling; warehousing, and integrated logistics solutions. Through its terminals, the Company handles general cargo, containers, vehicles, dry bulk cargo, liquid bulk cargo, cereals and fodder, livestock, minerals, timber, fruit, alumina, minerals and energy. The Company also offers terminals for cars, containers and roll on-roll off services. Additionally, the Company is engaged in hotel and catering services, as well as waste collection and recycling. As of December 31, 2011, the Companyâs subsidiaries included Luka Koper Pristan doo, Luka Koper INPO doo, Adria Terminali doo, TOC doo and Luka Koper Deutschland GmbH, as well as several associated companies.
LUKA KOPER D.D. 
