Independent journal on economy and transport policy
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Global Holding Ports renunciation to the presentation of the initial public offer
In the first three months of this year the revenues of the society have grown of +17%
May 12, 2015
The Turkish group Global Investment Holdings (GIH - Global Holding Yatirim), has announced today the renunciation to the presentation of the initial public offer by the harbour division Global Holding Ports (GPH), that integrally it is controlled by GIH. In occasion of the presentation of the results of the first trimester the 2015 of GIH financial director of the group, Kerem Eser, has explained that the prosecuzione with success of the programs of not organic increase of Global Holding Ports does not demand the finding of capitals necessarily, how much more rather than to estimate other options between which the collaboration with strategic investor or deep of private equities.
In the first trimester of this year the harbour division of GIH has recorded revenues for 42,5 million Turkish Liras (14 million euros), with an increment of +17% regarding 36,3 million Turkish Liras in the correspondent period of 2014. The company has specified that a remarkable contribution to such increase is carried by the Creuers Spanish of the Port de Barcelona, that has entered to take part of the pocketbook of investments of Global Investment Holdings in the last trimester last year (the Turkish group has acquired 62% of the capital). Moreover - it has specified the Turkish company - the increase of the revenues deriving from handling of the container added to the devaluation of the Turkish Lira has than more balanced the light decrease of the volumes enlivened in the ports of the group, and this has had as consequence an increment of the turnover regarding the first three months of 2014 let alone of the EBITDA that is piled to 19,7 million Turkish Liras, with a progression of +25% regarding 15,8 million in the first trimester last year.
In the first three months of this year the traffic of the container enlivened from Global Holding Ports in the Turkish port of Antalya and that Montenegrin of Bar has been pairs to 50.209 teu, in bending of the -5% regarding 53.307 teu in the same period of 2014. The medium revenue of handling of the container in the port of call of Antalya has vice versa recorded an increase of +6% being is pairs to 185,6 dollars/teu.
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