The company Global Turkish port Ports Holding (GPH), which is controlled by the group turkish Global Investment Holdings (GIH) and that since last July is owned by Italy's Spa Capital VEI ( of 26 July 2011), has closed the first half of 2011 with a net loss of 3.5 million Turkish lire (1.4 million) on revenues of 42.2 million Turkish lira compared to a net profit of 5 , 7 million Turkish lira on revenues of 19.4 million Turkish lira in the first half of 2010. Operating profit (EBITDA) amounted to 24.0 million Turkish lira, an increase of 109% compared to 11.5 million Turkish lira in the first six months of last year.
Part of the growth of 117% of turnover, for a total of 19.0 million Turkish lira, is derived from the full consolidation of subsidiary Antalya Port (compared to 40% in 2010). In addition, the Turkish company announced that revenues arising from the commercial port grew by 27% primarily due to the increase in container traffic, while the revenues generated by the cruise port showed an increase of 12% determined by a 7% increase in passenger traffic and an increase of 15% of the volume of ships served in terms of gross tonnage. Operating income benefited from the Turkish lira 11.8 million resulting from the full consolidation of Antalya Port.
Currently IEV Capital, which is controlled by Palladio Finanziaria, holds 22.114% stake in GPH, a figure that will rise to 25% at three years from initial investment. In addition, the Italian company has a call option on behalf of Generali Insurance, Shipping and Logistics Venice Unicredit and exercisable within the next 31 December to acquire a further 10% share of GPH.
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The company Global Turkish port Ports Holding (GPH), which is controlled by the group turkish Global Investment Holdings (GIH) and that since last July is owned by Italy's Spa Capital VEI 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
