Spain: Port of La Coruña, close to 2016, tripling its losses and complete four years of deficit – PortalPortuario (blog)

By Writing PortalPortuario.cl

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The Port Authority of a Coruña reported that the local port registered losses of 3.59 billion euros at the close in 2016, tripling the 1.16 million by 2015, and achieving four consecutive years without benefits. The balance is explained by the debt that carries the work of infrastructure in the exterior port of Langosteira, although they are lower than the 5.1 million expected, according to the estimate that sets out the business plan.

however, the document reflects that the total number of its income from the sale of goods and services was 27.7 million euros, 2.8% more than in the previous year, showing a constant evolution from the beginning of this decade, said the authority.

The planning of the entity returns to project negative indexes in 2018 (2.85 million) and an estimated in 2019, the benefits will reach 17 million, so that, in 2020, the deficit should be reduced until you get to 1 million euros.

The Authority, in accordance with the calculations of this document, trust to recover profits by 4.77 million by the end of this year, projecting the sale of the docks Battery, and Calvo Sotelo adjacent to the grounds of the hotels Finisterre and La Solana.

The last year in which the Port of La Coruña achieved benefits was 2012, reaching over 2 million euros in earnings. In 2013 the annual balance sheet yielded losses 722.000 euro, in 2014 the figure rose to 4.25 million, in 2015, the deficit declined to 1.16 and, finally, in 2016, came up to 3.59 million.