New cruise terminal concessions and record passenger numbers have helped Global Ports Holding (GPH) maintain a stable profit in 2018.
The London-listed port operator posted underlying profit of $26.6m last year, a 6.8% reduction on the $28.5m it recorded in 2017.
Operating profit more than doubled year on year, growing from $10.9m in 2017 to $35.9m last year.
GPH said this was due to a partial reversal of replacement provisions for Spanish cruise ports, valued at $12.2m,
