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Global Ports annual losses widen as passenger volumes slump 76% amid pandemic impact
StockMarketWire.com
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Independent cruise port operator Global Ports reported wider annual losses as the pandemic brought cruise travel to a halt, with passenger volumes sliding by 76%.
For the 12 months ending 31 December 2020, the pre-tax operating loss widened to $75.4 million from $13.4 million as revenue slumped to $73.1 million from $117.9 million.
Looking ahead, the company said the near-term outlook for the cruise industry remains uncertain.
'With the vaccine roll outs providing some room for optimism a phased return to cruising is planned across the industry during 2021, the exact profile of this return remains difficult to predict, ' it added.
At 8:22am: (LON:GPH) Global Ports Holding Plc share price was 0p at 76.5p
Story provided by StockMarketWire.com
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