“River transport services are to be subcontracted mostly within the group, while port operation services are to be subcontracted to third parties. The contractual value was estimated based on the assumption that the entire quantity contracted by the beneficiaries on goods sorts will actually be realized, the base rates agreed by the parties being used in the calculation”, the report reads.
TTS has a market capitalization of RON840 million. TTS shares have traded down 48% so far in 2024.
The company reported RON387.2 million revenues for the first nine months of 2024, down 43% from the year-earlier period. EBITDA lost 57.5% and reached RON55.4 million, while net profit slid by 57.4% to RON52.8 million.