Global Ports Holding soars as HY loss narrows

Global Ports Holding

13/12/2022 13:10

** Global Ports Holding's shares  GPH.L  up 9% at 120p 
    ** World's largest cruise port operator's HY loss before tax
narrows to $4.4 mln from $29.4 mln a year ago  urn:newsml:reuters.com:*:nTUC7VB2W 
    ** Co says HY total revenue jumped 94% to $118.3 mln 
    ** GPH adds that year-to-date, it has experienced
higher-than-expected passenger volumes, driven by faster
recovery in occupancy rates across port network
    ** Sees reporting FY adjusted earnings before interest,
taxes, depreciation, and amortisation in excess of $60 mln,
ahead of current market expectations 
    ** Including session gains, stock has fallen ~6% YTD 
 (Reporting by Amna Karimi in Bengaluru)
 ((Amna.Karimi@thomsonreuters.com; +91 8083261226;))