Navios South American Logistics saw its profitability shrink in 2020 as it continues to explore a stock market listing in New York and Sao Paulo.
Navios Logistics, an owner of South American ports, ships and barges and a steady cash provider for parent company Navios Maritime Holdings, booked a profit of $11.7m in 2020, on revenue of $215m.
The results were weaker than in 2019, when the company's net profit stood at $30m on revenue of $227m.
