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IN BRIEF: Global Ports sees 9 month revenue rise and swings to profit

ALN

Global Ports Holding PLC - London-based cruise port operator - For the period from April 1 to December 31, the first nine months of Global Ports' 2022 financial year, revenue rises 77% to $107.2 million from $60.5 million in the previous year. Adjusted earnings before interest, tax, depreciation and amortisation swing to $4.4 million from a loss of $8.8 million. Notes a strong month-on-month acceleration in cruise calls and passenger volumes. This acceleration, Global Ports explains, primarily reflects the continued easing of travel restrictions, the continued underlying demand from consumers and the continued increase in fleet deployment. Passenger volumes for January and February are 59% below the same period in 2019.

Current stock price: 120.00 pence

12-month change: up 30%

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