Record turnover, profits for Piraeus Port Authority
Cosco-owned Piraeus Port Authority SA (OLP) posted record-high turnover and profits in 2023, the company running Greece’s biggest port said.
Total revenues reached 219.8 million euros, up 12.9% from 2022, according to a press statement released on Friday.
Pretax profits reached €96.2 million, up 28.8% compared to the same period in 2022. Profits after taxes also rose significantly to €66.8 million, up more than 26.3% compared with the previous fiscal year. The proposed dividend per share also surged by 29% to €1.34.
The results represent the highest performances in the company’s history for both revenue and profitability, marking the third consecutive year of improvement, according to the statement.
The latest remarkable progress was attributed to impressive performance in such sectors as cruise, whose total passenger traffic amounted to 1,484,788 last fiscal year, a 68.6% increase from 2022. In the homeporting subcategory, passengers surged by 110.4%.
Moreover, there was a 12.4% increase in cruise ship calls, with 761 calls compared to 677 in the previous year.
The port’s three container terminals maintained growth, with a 2% increase in total throughput to 5,100,920 twenty-foot equivalent units (TEUs), solidifying the port’s position as the fourth top port in Europe, PPA said.
Yu Zenggang, OLP’s chairman, said he was satisfied with the “continued upward financial trajectory.”
More investments are planned to strengthen Piraeus’ position as a leading port in the Mediterranean and Europe, he said.
[Xinhua]
