Global Ports Holding Sees Surge in Passenger Numbers

Global Ports Holding (GB:GPH) has released an update.

Global Ports Holding PLC, the largest independent cruise port operator, reported a 51% increase in passenger numbers to 10.2 million for the nine months ending December 31, 2023. Despite a 13% dip in total revenue to $151.2 million due to decreased construction activities, adjusted revenue surged by 47% to $135.8 million, driven by higher passenger volumes. The company also saw segmental EBITDA grow by 45% to $92.9 million and is actively expanding its operations with new port concessions and investments.

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