11th May 2022 21:28
Global Ports Holding PLC - London-based cruise port operator - Annual revenue in year ended March 31 grows 65% to USD130.8 million from USD79.4 in the 15 months to March 31 2021. Reports adjusted earnings before interest, tax, depreciation and amortisation of USD7.6 million compared to a loss of USD6.7 million for the fifteen months ended March 31, 2021.
"The strong rebound in cruise activity in the third quarter of the financial year continued in the fourth quarter, with our Caribbean ports experiencing a strong pick-up in activity," the company says. "Outlook for the year to March 2023 continues to improve, with the industry now expecting to have all cruise ships back in service during summer 2022 and occupancy levels to reach historical levels before the end of the calendar year 2022."
Current stock price: 120.41 pence
12-month change: down 9.3%
By Elizabeth Winter; [email protected]
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