Global Ports Investments GDR (REG S) (GLPR)

$ 3.39
   
  • Change Today:
    $-0.17
  • 52 Week High: $3.60
  • 52 Week Low: $2.90
  • Currency: US Dollars
  • Shares Issued: 191.06m
  • Volume: 0
  • Market Cap: $647.68m

Global Ports swings to FY profit, names incoming CEO

By Andrew Schonberg

Date: Friday 17 Mar 2017

LONDON (ShareCast) - (ShareCast News) - Shares in AIM-listed Global Ports rose more than 1% on appointing Mikhail Loganov as CEO and swinging to a full-year pre-tax profit of $109.9m amid a sluggish Russian container market.
The company's loss for 2015 was $30.3m. Revenue was lower at $331.5m, from $405.7m.

"While we began to see some encouraging signs starting in the second half of 2016, the Russian container market remained sluggish for the year as a whole," the company said.

"Within this context we focused on developing additional revenue streams from other cargoes as well as improving efficiencies within our business," it added.

Global Ports said while these other cargoes represented a minor part of its business, it was noteworthy that its handling volumes of bulk increased 67% last year.

"We have further thoroughly analysed our business processes and drawn a clear roadmap to achieving additional efficiency gains in our operations going forward."

Meantime, CFO Loganov would become CEO from 22 March, replacing Vladislav Baumbertner.

At 10:16 GMT, shares in Global Ports were up 1.31% to 4.46p each.

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GLPR Market Data

Currency US Dollars
Price $ 3.39
Change Today $ -0.17
% Change -4.78 %
52 Week High $3.60
52 Week Low $2.90
Volume 0
Shares Issued 191.06m
Market Cap $647.68m

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
strong_buy
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GLPR Dividends

No dividends found

Trades for --2020

Time Volume / Share Price
0 @ $0.00

GLPR Key Personnel

CEO Mikhail Loganov
CFO Tiemen Meester
CEO Vladislav Baumgertner

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