Koper, 22 February (STA) – Port operator Luka Koper generated EUR 10.4m in net group profit in 2012 after reporting only a fraction of that figure for the year before. Still, the figure is EUR 3.2m below plans.

The unaudited financial statements for last year were reviewed by the supervisory board on Friday. “I believe these are decent figures,” chief supervisor Bojan Brank told reporters after the session.

The group only saw a 1% increase in operating revenue at EUR 144.4m, which is 4% below projections. Total transshipment rose by 5% on the year before to 17.9 million tonnes.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) were down 5% on 2011 to EUR 47.2m. Operating profit dropped by 14% to EUR 19.2m.

Financial liabilities decreased by EUR 22.3m to EUR 183.4m as on the last day of 2012. Financial expenditure decreased substantially as a result of lower impairments of financial investments and lower interest costs.

The group has thus been financially restructured and is financially fit to develop the port further, a press release issued by Luka Koper said.