The first results after the acquisition of NCC at the end of 2013 revealed a $69.9m profit, up from $53.7m.

Total revenue went up 70% to $287m and operating costs were reduced 13% year-on-year.

Nikita Mishin, chairman of Global Ports, said: “The emphasis since the start of the year has been on extracting greater efficiency from our newly enlarged operation by streamlining processes  and cutting costs.

"The