ECONOMY

Thessaloniki port profit soars

Thessaloniki Port Authority (OLTH) reported profit for 2007 nearly fourfold as sales increased, it said in a financial statement published yesterday. Net profit for the year advanced to 13.9 million euros from 3.64 million euros a year earlier, while turnover rose 44 percent to 66.28 million euros. OLTH, Greece’s second-largest port, also said it would propose a total dividend of -0.46 per share for 2007, up from -0.20 in 2006. Greece recently launched a tender inviting companies to upgrade and run commercial facilities at its ports in Piraeus and Thessaloniki to boost their role as regional hubs. Last week, Greece’s main commercial port, Piraeus Port Authority (OLP), reported a 103.3 percent rise in net profit, to 24.8 million euros. (Reuters)