Business News

Luka Koper net revenue up 6% in H1

Koper, 10 July (STA) - The port operator Luka Koper recorded EUR 118 million in net sales revenue in the first half of the year, a 6% rise year-on-year. Transshipment of goods was down by 1% to 11.9 million tonnes.

The revenue was up due to better structure of goods and additional manipulations on the market, the company said on Wednesday.

In the first half of 2019, the port transshipped 4.9 million tonnes of containers (5% more than in the first half of 2018), 3.8 million tonnes of bulk cargo (-9%), 1.9 million tonnes of liquids (+12%), more than 700,000 tonnes of general cargo (-9%) and almost 529,000 tonnes of cars (-14%), show preliminary unaudited data published on the web site of the Ljubljana Stock Exchange today.

The notable drop in the transshipment of cars had been expected due to negative sales trend on the global markets.

In general cargo, a drop in cut wood has been recorded due to political instability in North Africa and the Middle East, and volatility on the market of iron products, Luka Koper said.

Meanwhile, the positive trend of containerisation continues, with containers increasingly replacing conventional ship transport. The number of container units thus rose by 2% from last year.

According to the port operator, the container segment is creating multiplicative effects on several terminals and opening opportunities for services with higher added value.

The 9% drop in bulk cargo was attributed mainly to technical difficulties of one of the clients transporting coal through Koper, and a delay in the arrival of bulk cargo ships, which arrived in July.

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