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Bolloré attributes rising profits to African terminals

Bolloré attributes rising profits to African terminals

French company Bolloré has attributed its rising transportation and logistics profits to the performance of African ports.

The company’s transportation and logistics segment, which includes Bolloré Logistics, Bolloré Ports and Bolloré railways, increased its profit (EBITDA) by 5%.

The company attributed this partially to “good overall performance from the port business in Africa (particularly in Ivory Coast, Cameroon, Ghana, Nigeria and Guinea)”.

The terminals singled out for praise were Douala International Terminal in Cameroon, Tin-Can Island Container Terminal in Nigeria, Meridian Port Services terminal in Tema in Ghana, Dakar ro-ro terminal in Senegal, Conakry terminal in Guinea and Freetown terminal in Sierra Leone.

In 2015, the company won concessions to operates terminals in Kribi, Cameroon, as well as in the islands of East Timor and Haiti.

The company as a whole has a turnover of nearly €11bn (US$12.5bn) and has interests in transportation and logistics, communication and electricity storage and solutions.