Port of Rotterdam Ups 2014 Sales But Profit Slips Nearly 5 Percent

AMSTERDAM, March 5 (Reuters) – The Port of Rotterdam Authority stated on Thursday its internet revenue for 2014 fell 4.9 p.c to 215 million euros ($237 million) on larger financing prices.

Europe’s largest port has been investing for years within the building of “Maasvlakte 2,” a 1000 hectare extension, at an estimated whole price of two.9 billion euros.

The port stated 2014 gross sales rose 3.1 p.c to 660 million euros, as land lease revenues rose 5 p.c to 337.5 million euros.

Revenues from seaport duties have been additionally larger, up 1.2 p.c consistent with a beforehand reported 1 p.c rise in visitors by weight on the port.

In all, the port obtained 445 metric tons of products in 2014 versus 440 metric tons in 2013.

Rotterdam Port is 70 p.c owned by the town of Rotterdam and 30 p.c owned by the Dutch state.

($1 = 0.9060 euros) (Reporting by Toby Sterling; enhancing by Jason Neely)