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IN BRIEF: Global Ports swings to quarterly loss on cruise shutdown

9th Jun 2021 12:25

Global Ports Holding PLC - London-based cruise port operator - Like-for-like revenue rises 9.4% to USD13.9 million in three months ended March 31, from USD12.7 million year-on-year. Adjusted earnings before interest, tax, depreciation and amortisation show a loss of USD2.6 million, swung from a profit of USD4.0 million. Cruise passenger numbers are down 99% year-on-year, due to the pandemic.

Global Ports is in the process of changing its financial calendar to end in March instead of December.

Current stock price: 130.50 pence

Year-to-date change: up 28%

By Ivan Edwards; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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