The world’s largest cruise port operator, whose directors include Lord Mandelson, has sought to reassure investors over its exposure to the crisis in Turkey (Alex Ralph writes).
Global Ports Holdings, which operates four ports in the country, said that the volatile currency moves were “relatively immaterial” to the company.
The update from the London-listed company came alongside its report that revenues rose 13.7 per cent to $56.6 million in the six months to June 30. Its underlying profit increased 8.5 per cent to $12.4 million and on a statutory basis it made a loss before tax of $2.1 million, down from $6.7 million a year earlier.
