ABP reports 256m first-half revenues
Tue, 30th September 2014

ABP reports £256m first-half revenues

First-half revenues have broken through the £250m mark at Associated British Ports, which operates sites in Plymouth and Teignmouth.

In the six months to 30 June 2014, revenues at ABPA Holdings Ltd increased from £244.9m to £256.1m.

The business, which has 21 ports in England, Scotland, and Wales, also increased consolidated EBITDA by 4.3 per cent to £150.7m. Group operating profit increased from £123.2m to £129.9m.

Last week (24 September), a report published by Arup revealed that ABP's South West sites contributed £100m to the UK economy each year and supports more than 1,500 jobs.

Andrew Harston, ABP Director Short Sea Ports, said: "Our ports in the South West are a cornerstone of the regional economy, vital for farmers and key to businesses' ability to tap into global markets.

"I'm proud of these impressive new figures and our determination to build on this success with a programme of investment that will deliver significant growth for the regional economy."

category South West  |  source Insider Media