Poti Port registers a profit  increase

Poti Port registers a profit increase

access_time2020-01-17 09:30:25

The Poti Sea Port Corporation, an operator company of Poti port, sees an increase in the revenue and profit. Given cargo volume growth, 2019 full year results are expected to be good, but before the company released its 2018 financial report.

According to the report, in 2018 the company earned GEL 150 million in profit. The annual growth reached up to 11 million. Gross profit increased from 87.8 million to 91.8 million. The profit for the year amounted to 57.8 million; other full year revenue totaled 215.8 million compared to 55.8 million in 2017.

The strategically located Poti Sea Port is the largest port in Georgia handling liquid and dry bulk, containers and ferries. It has 15 berths, with total berth length of 2900 meters and more than 20 quay cranes.

APM Terminals Poti (Poti Sea Port Corporation) is part of A.P. Moller – Maersk Group.


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