Global Ports Holding Plc (GB:GPH) has released an update.
Global Ports Holding Plc reported a successful year with a 46% increase in passenger numbers to 13.4 million and significant growth in Adjusted Revenue and EBITDA, by 47% to $172.7 million and $106.9 million respectively. The company expanded its cruise port network, completed major investments including a $187 million project financing for San Juan Cruise Port, and secured new concession agreements. Despite increased Gross Debt, GPH’s balance sheet strengthened with cash reserves buoyed by bond issuances and concession extensions.
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