Port of Rotterdam Authority: Revenues rises, profits fall

The massive investments of the past few years have caused the long-term debt rise to EUR 1.3 billion at Port of Rotterdam Authority

Revenue of the Port Authority rose by 3.1% last year due to increased economic activity at the port. However, profits fell by 4.9% owing to higher interest charges and depreciation. The completion of phase 1 of Maasvlakte 2 brought the level of investment down to EUR 189 million, a level that is still higher than before construction started on the new port area.

The Port Authority’s two key sources of income are the leasing of the land and the seaport duties payable by ships docking at the port. Revenue from the lease of land rose by EUR 16 million (+5%) to EUR 337.5 million. This rise was caused by the release of a number of new sites, the charging on to individual customers for infrastructure built for their user need on a square metre-price basis, indexation of contracts and price adjustments in renewed contracts.

The seaport charges, which kept in line with the development of throughput measured in tonnes (+1.0%), rose by EUR 3.6 million (+1.2%) to EUR 306.2 million. In total, company revenue rose by EUR 19.9 million (+3.1%) to EUR 659.8 million.

The Port of Rotterdam Authority invested EUR 189.4 million in 2014, while in 2013 that figure was EUR 262.9 million. The lower level of investment is attributed to the completion of the first phase of Maasvlakte 2.

www.portofrotterdam.com

Quelle: LogEastics
Portal: www.logistik-express.com