Romanian freight logistics group TTS net profit up 70.8% y/y in 2023
29/02/2024 16:05
BUCHAREST, Feb 29 (Reuters) - Romanian freight logistics
group TTS TTS.BX said on Thursday its net profit surged 70.8%
to 305.5 million lei ($66.51 million), buoyed by Ukrainian grain
exports through Romania.
TTS Group handles agricultural products, minerals and
chemicals across the Danube river and in the Black Sea port of
Constanta. It operates the largest fleet of barges on the
Danube, with a transport capacity of 800,000 tonnes, and in 2023
it bought Constanta port solid bulk cargo operator Decirom S.A.
($1 = 4.5930 lei)
(Reporting by Luiza Ilie)
((luiza.ilie@thomsonreuters.com; +4021 527 0312; https://www.reuters.com/journalists/luiza-ilie))