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 USD107.2 million from USD60.5 million in the previous year. Adjusted earnings before interest, tax, depreciation and amortisation swing to USD4.4 million from a loss of USD8.8 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.
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By Heather Rydings; heatherrydings@alliancenews.com
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Global Ports (GPH)